{"id":14148,"date":"2020-12-06T05:04:45","date_gmt":"2020-12-06T05:04:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib\/"},"modified":"2020-12-06T05:04:45","modified_gmt":"2020-12-06T05:04:45","slug":"lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib\/","title":{"rendered":"Lakshmi Machine Works Ltd. v. Add. CIT (2020)78 ITR 398 (Chennai ) (Trib)"},"content":{"rendered":"<p>Tribunal held that,\u00a0 no disallowance of\u00a0 expenses relating to dividend received from foreign companies taxable in India and offered to tax .\u00a0\u00a0 Strategic investments\u00a0 or investments in subsidiary companies or\u00a0 group or\u00a0 associated companies in India or companies promoted by\u00a0 assessee is\u00a0 includible in disallowance however disallowance not to exceed exempt income .( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income \u2013 No Disallowance of  expenses relating to dividend received from foreign companies taxable in India and offered to tax &#8211;    Strategic investments  or investments in subsidiary companies or  group or  associated companies in India or companies promoted by  assessee \u2014 Includible in disallowance \u2014 Disallowance not to exceed exempt income  [ R.8D(2)(iii)  ] <\/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-14148","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Gc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14148","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=14148"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14148\/revisions"}],"predecessor-version":[{"id":14149,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14148\/revisions\/14149"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}