{"id":44758,"date":"2024-08-01T10:55:15","date_gmt":"2024-08-01T05:25:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asst-cit-v-cosmo-films-ltd-2023106-itr-10-sndelhi-trib-4\/"},"modified":"2024-08-01T10:55:15","modified_gmt":"2024-08-01T05:25:15","slug":"asst-cit-v-cosmo-films-ltd-2023106-itr-10-sndelhi-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asst-cit-v-cosmo-films-ltd-2023106-itr-10-sndelhi-trib-4\/","title":{"rendered":"Asst. CIT v. Cosmo Films Ltd. (2023)106 ITR 10 (SN)(Delhi) (Trib)"},"content":{"rendered":"<p>Held\u00a0 that the fact that the loan was utilised for business purposes was not in dispute. Merely because it was a one-time payment made by the assessee for loan processing charges that would not make it capital expenditure.(AY.2004-05 to 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue  Loan processing charges paid to bank-Loan utilised for business purposes-One-time payment-Not capital expenditure.<\/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-44758","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bDU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44758","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=44758"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44758\/revisions"}],"predecessor-version":[{"id":44759,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44758\/revisions\/44759"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}