{"id":47892,"date":"2024-11-16T19:25:39","date_gmt":"2024-11-16T13:55:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-adani-mining-p-ltd-2024-204-itd-269-ahd-trib-2\/"},"modified":"2024-11-16T19:25:39","modified_gmt":"2024-11-16T13:55:39","slug":"dcit-v-adani-mining-p-ltd-2024-204-itd-269-ahd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-adani-mining-p-ltd-2024-204-itd-269-ahd-trib-2\/","title":{"rendered":"DCIT v. Adani Mining (P.) Ltd. (2024) 204 ITD 269 (Ahd) (Trib.)"},"content":{"rendered":"<p>During year, assessee-company claimed expenditure on account of land development expenditure. Assessing Officer disallowed claim of assessee on ground claim under section 37(1) could not be allowed unless business operation starts. Tribunal held that\u00a0 since Assessing Officer had already accepted in earlier assessment year that business activity of assessee had commenced, then Assessing Officer could not take a different stand in impugned year. Therefore, land development expenditure is\u00a0 allowable under provisions of section 37(1) as revenue expenditure. \u00a0(AY. 2013-14)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Land development expenditure is  allowable as revenue 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-47892","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-css","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47892","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=47892"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47892\/revisions"}],"predecessor-version":[{"id":47893,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47892\/revisions\/47893"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}