{"id":11340,"date":"2020-05-15T07:26:47","date_gmt":"2020-05-15T07:26:47","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-navin-fluorine-international-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-19379-of-2019-dt-13-08-2019-2019-417-itr-55-st-sc\/"},"modified":"2020-05-15T07:26:47","modified_gmt":"2020-05-15T07:26:47","slug":"pcit-v-navin-fluorine-international-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-19379-of-2019-dt-13-08-2019-2019-417-itr-55-st-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-navin-fluorine-international-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-19379-of-2019-dt-13-08-2019-2019-417-itr-55-st-sc\/","title":{"rendered":"PCIT v .Navin Fluorine International Ltd. (Bom)(HC)(UR) Editorial: SLP of revenue is dismissed (SLP No.19379 of 2019 dt.13\/08\/2019) (2019) 417 ITR 55 (St.)(SC)"},"content":{"rendered":"<p>Commission paid to the foreign agents for having worked on behalf of the Assessee in procuring sales in outside India is allowable and sale of shares at lower rate \/ price was not colourable device employed by the Assessee. (ITA No.1161 of 2016, dt.16\/01\/2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1) :Business expenditure &#8211;  Commission paid to the foreign agents for having worked on behalf of the Assessee in procuring sales is held to be allowable-   Business Loss &#8211; No colourable device employed by Assessee in the process sale of shares at low price- Loss is held to be allowable .[ S.28(i) ] <\/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-11340","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2WU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11340","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=11340"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11340\/revisions"}],"predecessor-version":[{"id":11341,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11340\/revisions\/11341"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}