{"id":42980,"date":"2024-05-18T22:41:56","date_gmt":"2024-05-18T17:11:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2023-335-ctr-114-2024-296-taxman-225-delhihc\/"},"modified":"2024-05-18T22:41:56","modified_gmt":"2024-05-18T17:11:56","slug":"asian-hotels-ltd-v-cit-2023-335-ctr-114-2024-296-taxman-225-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2023-335-ctr-114-2024-296-taxman-225-delhihc\/","title":{"rendered":"Asian Hotels Ltd. v. CIT (2023) 335 CTR 114\/ (2024) 296 Taxman 225 (Delhi)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that since renovation and refurbishment of rooms, including washrooms and other facilities in hotel, only improved, efficiency of source of profit or income, expenses incurred for that purpose could not be categorized as capital expenditure but were revenue in nature. The fact that pressurisation of lift shafts resulted in &#8216;safety of lifts&#8217; being enhanced, could not have led to expenses being incurred in that behalf being characterized as capital expenditure . \u00a0(AY. 1991-92, 1993-94 and 1994-95)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure &#8211;  Capital or revenue \u2013 Hotel &#8211; renovation, refurbishment and repairs- Improved, efficiency of source of profit or income, expenses incurred for that purpose  is allowable as revenue  expenditure . [ S.30(a)(ii) ]  <\/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-42980","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bbe","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42980","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=42980"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42980\/revisions"}],"predecessor-version":[{"id":42981,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42980\/revisions\/42981"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}