{"id":43214,"date":"2024-06-07T19:27:22","date_gmt":"2024-06-07T13:57:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bharatkumar-rajendraprasad-dave-v-acit-2023-199-itd-553-ahd-trib\/"},"modified":"2024-06-07T19:27:22","modified_gmt":"2024-06-07T13:57:22","slug":"bharatkumar-rajendraprasad-dave-v-acit-2023-199-itd-553-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bharatkumar-rajendraprasad-dave-v-acit-2023-199-itd-553-ahd-trib\/","title":{"rendered":"Bharatkumar Rajendraprasad Dave. v. ACIT (2023) 199 ITD 553 (Ahd) (Trib.)"},"content":{"rendered":"<p>Assessee-doctor is\u00a0 running a hospital dealing in spine treatment. During year under consideration, assessee started a new hospital in same line. He claimed certain expenses in relation to\u00a0 new unit as revenue expenses. Assessing Officer held that since business of assessee in respect for new (hospital) unit had not commenced, expenses incurred in relation to same were to be disallowed. Tribunal held that\u00a0 opening of new hospital in same line of specialty i.e. spine treatment, would constitute extension\/expansion of existing business and since said expansion was in same line of business and same\/common management as existing hospital, expenses should be allowed as revenue expenses. In relation to expenses incurred income for earing\u00a0 exempt income, matter remanded for verifying the expenditure. the assessee has shown \u00a0\u00a0consultancy receipts from new hospital unit hence\u00a0 depreciation is allowable<strong>.<\/strong> (AY. 2013-14,2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-New hospital same line of business-Common management-Allowable as revenue expenditure. Exempt income-Matter remanded for verifying the expenditure-Consultancy receipts from new hospital unit-Depreciation is allowable. [S. 14A, 32, R.8D] <\/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-43214","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bf0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43214","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=43214"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43214\/revisions"}],"predecessor-version":[{"id":43215,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43214\/revisions\/43215"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}