{"id":6037,"date":"2019-06-29T10:00:42","date_gmt":"2019-06-29T10:00:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/bhagwati-gases-ltd-v-dcit-2019-176-itd-609-kol-trib-4\/"},"modified":"2019-06-29T10:00:42","modified_gmt":"2019-06-29T10:00:42","slug":"bhagwati-gases-ltd-v-dcit-2019-176-itd-609-kol-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bhagwati-gases-ltd-v-dcit-2019-176-itd-609-kol-trib-4\/","title":{"rendered":"Bhagwati Gases Ltd. v. DCIT (2019) 176 ITD 609  (Kol)    (Trib.)"},"content":{"rendered":"<p>Tribunal held that replacement of spare parts of machinery is held to be revenue expenditure, since said replacement neither brought into existence any new asset nor acquired any advantage of enduring benefit. ( AY. 2006 -07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure\u2013Capital or revenue\u2013Replacement of spare parts  of machinery -Held to be 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":[1],"tags":[],"class_list":["post-6037","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1zn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6037","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=6037"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6037\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}