{"id":42850,"date":"2024-05-17T16:12:08","date_gmt":"2024-05-17T10:42:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/khs-machinery-p-ltd-v-acit-2023-198-itd-649-ahd-trib\/"},"modified":"2024-05-17T16:12:08","modified_gmt":"2024-05-17T10:42:08","slug":"khs-machinery-p-ltd-v-acit-2023-198-itd-649-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/khs-machinery-p-ltd-v-acit-2023-198-itd-649-ahd-trib\/","title":{"rendered":"KHS Machinery (P.) Ltd. v. ACIT (2023) 198 ITD 649 (Ahd) (Trib.)"},"content":{"rendered":"<p>During year, assessee claimed repairs &amp; maintenance expenses on account of construction of temporary weather shed in its rented premises as revenue expenditure. Assessing Officer\u00a0 held that\u00a0 expenditure was for construction of structure which had enduring benefit to assessee and, therefore, it was capital in nature.\u00a0 Tribunal held that since temporary structures were entitled to depreciation at rate of 100 per cent, entire amount of expenditure on construction of temporary weather shed is\u00a0 to be allowed as revenue in nature.\u00a0 (AY. 2005-06 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 31 : Repairs-Rented premises-temporary weather shed-Capital or revenue-Entitled to depreciation at rate of 100 per cent-Entire amount of expenditure incurred on construction of shed was to be allowed as revenue in nature. [S.32, 37(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-42850","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-b98","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=42850"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42850\/revisions"}],"predecessor-version":[{"id":42851,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42850\/revisions\/42851"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}