{"id":49210,"date":"2024-12-28T10:43:52","date_gmt":"2024-12-28T05:13:52","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hotel-allied-trades-p-ltd-v-addl-cit-2024-300-taxman-61-kerhc\/"},"modified":"2025-09-06T12:21:40","modified_gmt":"2025-09-06T06:51:40","slug":"hotel-allied-trades-p-ltd-v-addl-cit-2024-300-taxman-61-kerhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hotel-allied-trades-p-ltd-v-addl-cit-2024-300-taxman-61-kerhc\/","title":{"rendered":"Hotel Allied Trades (P.) Ltd. v. Addl. CIT (2024) 300 Taxman 61 \/ (2025) 475 ITR 178 (Ker)(HC)"},"content":{"rendered":"<p>Assessee incurred certain expenditure on a leasehold building and claimed same as revenue expenditure.\u00a0 Assessing Officer disallowed assessee&#8217;s claim and held that expenditure was in nature of capital expenditure and invoking Explanation 1 to section 32(1) held that capital expenditure incurred on leasehold building was to be capitalized and depreciation is\u00a0 allowed. Order of Assessing Officer is affirmed by\u00a0 Commissioner (Appeals) and Tribunal. On appeal High Court affirmed the order of the Tribunal. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or Revenue-Lease hold building-Failure to produce any material-Capital expenditure-Depreciation is allowed. [S. 32(1), Explanation.] <\/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-49210","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cNI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49210","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=49210"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49210\/revisions"}],"predecessor-version":[{"id":56427,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49210\/revisions\/56427"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}