{"id":51892,"date":"2025-03-18T11:00:18","date_gmt":"2025-03-18T05:30:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-gujarat-insecticides-ltd-2024114-itr-12-snahdtrib\/"},"modified":"2025-03-18T11:00:18","modified_gmt":"2025-03-18T05:30:18","slug":"acit-v-gujarat-insecticides-ltd-2024114-itr-12-snahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-gujarat-insecticides-ltd-2024114-itr-12-snahdtrib\/","title":{"rendered":"ACIT v. Gujarat Insecticides Ltd. (2024)114 ITR 12 (SN)(Ahd)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 the replaced machinery and equipment were part of the plant and not separate entities capable of independent functioning. The assessee, an ISO 14001 certified company, had to maintain its plant in good condition to comply with environmental standards, which necessitated these repairs. The replacements did not result in an increase in production capacity. Allowable as revenue expenditure.\u00a0 Order of CIT(A) is affirmed.(AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 31 : Repairs-Capital or revenue-Expenditure for spare parts-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-51892","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-duY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51892","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=51892"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51892\/revisions"}],"predecessor-version":[{"id":51893,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51892\/revisions\/51893"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}