{"id":14162,"date":"2020-12-06T06:25:20","date_gmt":"2020-12-06T06:25:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib-2\/"},"modified":"2020-12-06T06:25:20","modified_gmt":"2020-12-06T06:25:20","slug":"lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lakshmi-machine-works-ltd-v-add-cit-202078-itr-398-chennai-trib-2\/","title":{"rendered":"Lakshmi Machine Works Ltd. v. Add. CIT (2020)78 ITR 398 (Chennai ) (Trib)"},"content":{"rendered":"<p>Tribunal held that the onus was on the assessee to prove the nexus between the business and the expenses being incurred in the year 2012-13 wholly and exclusively for the purposes of business of the assessee .As regards\u00a0 provision for profit incentive payable to employees.\u00a0 Matter remanded to the Assessing Officer\u00a0 to \u00a0adjudicate the matter afresh.( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure \u2014 Local area expenses and pooja expenses in temples outside factory \u2014 Onus on assessee to prove nexus with business &#8211;  Provision for profit incentive payable to employees -Matter remanded to the Assessing Officer .  <\/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-14162","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Gq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14162","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=14162"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14162\/revisions"}],"predecessor-version":[{"id":14163,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14162\/revisions\/14163"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}