{"id":52850,"date":"2025-04-15T21:05:33","date_gmt":"2025-04-15T15:35:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2024-470-itr-1-delhihc\/"},"modified":"2025-04-15T21:05:33","modified_gmt":"2025-04-15T15:35:33","slug":"asian-hotels-ltd-v-cit-2024-470-itr-1-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asian-hotels-ltd-v-cit-2024-470-itr-1-delhihc\/","title":{"rendered":"Asian Hotels Ltd. v. CIT (2024) 470 ITR 1 (Delhi)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that\u00a0 expenditure incurred on \u00a0renovation of hotel Repairs,expenditure on pressurisation of lift silafts-fees paid to interior decorator are allowable as revenue expenditure. As regards additional ground the\u00a0 matter is remanded to the Assessing officer. Court also held that\u00a0 entries in the books of account cannot be the basis for determining whether the expenditure are capital or revenue.(AY. 1991-92 to 1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Renovation of hotel-Repairs-Expenditure on pressurisation of lift silafts-fees paid to interior decorator-Allowable as revenue expenditure-Additional ground-Matter remanded to the Assessing officer-Entries in the books of account cannot be the basis for determining whether the expenditure are capital or revenue. [S. 30(a)(ii)), 145] <\/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-52850","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dKq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52850","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=52850"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52850\/revisions"}],"predecessor-version":[{"id":52851,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52850\/revisions\/52851"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}