{"id":4320,"date":"2019-03-11T10:32:02","date_gmt":"2019-03-11T10:32:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/united-spirits-ltd-v-cit-2018-257-taxman-458-2019-173-dtr-315-306-ctr-484-calhc\/"},"modified":"2020-03-10T00:46:45","modified_gmt":"2020-03-10T00:46:45","slug":"united-spirits-ltd-v-cit-2018-257-taxman-458-2019-173-dtr-315-306-ctr-484-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/united-spirits-ltd-v-cit-2018-257-taxman-458-2019-173-dtr-315-306-ctr-484-calhc\/","title":{"rendered":"United Spirits Ltd v. CIT (2018) 257 Taxman 458 \/ (2019) 173 DTR 315 \/  306 CTR 484\/(2020) 421 ITR 300  (Cal)(HC)"},"content":{"rendered":"<p><em>Court held that in \u00a0the present case, it is just not established how the business of the assessee was perceived to grow out of the property acquired by them by negotiating the eviction of the said occupants. In fact, through the negotiation the assessee acquired some kind of an enduring right of possession over the occupied area of the said premises surrendered to them by those occupants. It had the incidents of permanence. If an expenditure is incurred for possession of an asset or for right of a permanent character, then expenditure can be considered as capital in nature. <\/em><i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure \u2013 Capital or revenue -Sub -lease -Payment made to vacate the premises &#8211; Through negotiation assessee acquired some kind of an enduring right of possession over occupied area of said premises surrendered to them by those occupants\u2014It had incidents of permanence\u2014 Expenditure is capital in nature .<\/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":[1],"tags":[],"class_list":["post-4320","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-17G","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4320","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=4320"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4320\/revisions"}],"predecessor-version":[{"id":10424,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4320\/revisions\/10424"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}