{"id":10764,"date":"2020-03-23T01:18:33","date_gmt":"2020-03-23T01:18:33","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-gigabyte-technology-india-ltd-2020-421-itr-21-bom-hc\/"},"modified":"2021-06-05T10:19:06","modified_gmt":"2021-06-05T04:49:06","slug":"cit-v-gigabyte-technology-india-ltd-2020-421-itr-21-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-gigabyte-technology-india-ltd-2020-421-itr-21-bom-hc\/","title":{"rendered":"CIT v. Gigabyte Technology (India) Ltd. (2020) 421 ITR 21\/ 195 DTR 334 \/ 273 Taxman 184(Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 the obsolete stock which was not disposed of or sold was allowable as expenditure. Order of Tribunal is affirmed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss-Business expenditure-Obsolescence allowance-Write of off obsolete stock-Allowable as business loss. [S. 37(1), 145A] <\/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-10764","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2NC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10764","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=10764"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10764\/revisions"}],"predecessor-version":[{"id":18927,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10764\/revisions\/18927"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}