{"id":43003,"date":"2024-05-21T19:49:30","date_gmt":"2024-05-21T14:19:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2024-296-taxman-69-delhihc\/"},"modified":"2024-05-21T19:49:30","modified_gmt":"2024-05-21T14:19:30","slug":"asian-hotels-ltd-v-cit-2024-296-taxman-69-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2024-296-taxman-69-delhihc\/","title":{"rendered":"Asian Hotels Ltd. v. CIT (2024) 296 Taxman 69 (Delhi)(HC)"},"content":{"rendered":"<p>On appeal the court held that expenses incurred by assessee-hotel on renovation, refurbishment and repairs, were in nature of revenue expenditure\u00a0 and allowable as deduction. Court also held that\u00a0 the payment made by assessee to an interior architect, for consultancy and supervision of interior d\u00e9cor of existing hotel of assessee under &#8216;renovation and refurbishment&#8217; is allowable as\u00a0 revenue expenditure.\u00a0 (AY. 1993-94)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Hotel-renovation, refurbishment and repairs-Consultancy payments-Allowable as revenue expenditure.[S.28((i)]<\/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-43003","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bbB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43003","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=43003"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43003\/revisions"}],"predecessor-version":[{"id":43004,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43003\/revisions\/43004"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}