{"id":14962,"date":"2021-01-22T11:45:16","date_gmt":"2021-01-22T11:45:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nokia-india-pvt-ltd-v-add-cit-2020-83-itr-69-sn-delhitrib\/"},"modified":"2021-01-22T11:45:16","modified_gmt":"2021-01-22T11:45:16","slug":"nokia-india-pvt-ltd-v-add-cit-2020-83-itr-69-sn-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nokia-india-pvt-ltd-v-add-cit-2020-83-itr-69-sn-delhitrib\/","title":{"rendered":"Nokia India Pvt. Ltd. v. Add. CIT (2020) 83 ITR 69 (SN) (Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the assessee was engaged in manufacture, import and sale of mobile handsets. The assessee had given mobile handsets to its employees, dealers, sale personnel, etc., free of cost and thus no longer owned the handsets. Thus, the cost was rightly taken as business expenditure by the assessee and was rightly reduced from the inventory. The disallowance was not warranted. Trade discount is also allowable as business expenditure. (AY. 2008-09, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Marketing expenses-Mobile handsets issued free of  cost to  after-Marketing services Centers, annual maintenance and services contractors, dealers and  employees-Cost allowable as business expenditure\u2013Trade discount also allowable as business expenditure.<\/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-14962","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Tk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14962","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=14962"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14962\/revisions"}],"predecessor-version":[{"id":14963,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14962\/revisions\/14963"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}