{"id":13257,"date":"2020-10-25T13:28:37","date_gmt":"2020-10-25T13:28:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hp-associates-v-ito-2020-bcaj-september-p-43-mum-trib\/"},"modified":"2020-10-25T13:28:37","modified_gmt":"2020-10-25T13:28:37","slug":"hp-associates-v-ito-2020-bcaj-september-p-43-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hp-associates-v-ito-2020-bcaj-september-p-43-mum-trib\/","title":{"rendered":"HP Associates v .ITO ( 2020) BCAJ -September \u2013 P. 43 ( Mum) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that\u00a0 Share of profits paid to co -developer\u00a0 based on oral understanding can not disallowed\u00a0 as the recipient had offered it to tax and there being no revenue loss and the transaction was tax neutral . ( ITA No. 5929 \/Mum\/ 2018 dt 12-6 2020 ) (AY. 2011-12)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.143(3): Assessment \u2013 Joint development \u2013 Share of profits paid to co -developer  based on oral understanding can not disallowed  as the recipient had offered it to tax and there being no revenue loss and the transaction was tax neutral [ S. 28(i) , 37 (1) ] <\/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-13257","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3rP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13257","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=13257"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13257\/revisions"}],"predecessor-version":[{"id":13258,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13257\/revisions\/13258"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}