{"id":49409,"date":"2024-12-28T16:32:33","date_gmt":"2024-12-28T11:02:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-velingkar-brothers-2020-114-taxmann-com-727-bom-hc\/"},"modified":"2024-12-28T16:32:33","modified_gmt":"2024-12-28T11:02:33","slug":"cit-v-velingkar-brothers-2020-114-taxmann-com-727-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-velingkar-brothers-2020-114-taxmann-com-727-bom-hc\/","title":{"rendered":"CIT v. Velingkar Brothers [2020] 114 taxmann.com 727 (Bom)( HC)"},"content":{"rendered":"<p>Assessee incurred expenditure by way of contribution towards construction of new bridge . Tribunal treated said expenditure as revenue expenditure . Revenue filed instant appeal against Tribunal&#8217;s order . \u00a0Assessee contended that tax effect in instant appeal would be hardly Rs. 15 lakhs\u00a0 Court held that \u00a0since tax effect in instant appeal was lower than threshold limit of Rs. 1 crore fixed by Circular No. 17\/2019, dated 8-8-2019, , appeal of Revenue is dismissed .(AY. 2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 268A : Appeal \u2013 Monetary limits \u2013 Less than Rs.1 crore \u2013 Appeal of Revenue is dismissed \u2013 Contribution to construction of new bridge \u2013 Capital of revenue .[ S.37(1), 260A ] <\/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-49409","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cQV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49409","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=49409"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49409\/revisions"}],"predecessor-version":[{"id":49410,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49409\/revisions\/49410"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}