{"id":47096,"date":"2024-10-17T12:10:32","date_gmt":"2024-10-17T06:40:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-nirma-ltd-2024-299-taxman-180-sc-editorial-cit-v-nirma-ltd-2015-229-taxman-535-gujhc\/"},"modified":"2024-10-17T12:10:32","modified_gmt":"2024-10-17T06:40:32","slug":"cit-v-nirma-ltd-2024-299-taxman-180-sc-editorial-cit-v-nirma-ltd-2015-229-taxman-535-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-nirma-ltd-2024-299-taxman-180-sc-editorial-cit-v-nirma-ltd-2015-229-taxman-535-gujhc\/","title":{"rendered":"CIT v. Nirma Ltd. (2024) 299 Taxman 180 (SC) Editorial : CIT v. Nirma Ltd (2015) 229 Taxman 535 (Guj)(HC)"},"content":{"rendered":"<p>High Court\u00a0 held that expenditure in connection with expansion of existing business would be allowed as revenue expenditure. Court held that\u00a0 since tax effect was below threshold limits, Special Leave Petition is dismissed.\u00a0 \u00a0(AY. 1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.  37(1) : Business expenditure-Expansion of existing business-Revenue expenditure-Tax effect is below threshold limits-SLP of Revenue is dismissed. [S. 268A,  Art. 136] <\/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-47096","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cfC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47096","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=47096"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47096\/revisions"}],"predecessor-version":[{"id":47097,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47096\/revisions\/47097"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}