{"id":15125,"date":"2021-02-02T11:46:55","date_gmt":"2021-02-02T11:46:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/elgi-equipments-ltd-v-jcit-2020-the-chambers-journal-december-p-172-mad-hc\/"},"modified":"2021-07-09T12:50:47","modified_gmt":"2021-07-09T07:20:47","slug":"elgi-equipments-ltd-v-jcit-2020-the-chambers-journal-december-p-172-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/elgi-equipments-ltd-v-jcit-2020-the-chambers-journal-december-p-172-mad-hc\/","title":{"rendered":"Elgi Equipments Ltd v .JCIT (2020) 120 taxmann.com 142\/ (2021)  276 Taxman 141  ( Mad ) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that\u00a0 Foreign travel expenditure , expenditure incurred in effecting overseas payment to Stehlin Associates , Paris France in connection with the acquisition of Belair France and expenditure on repair and maintenance is held to be allowable as the bonafide expenditure was incurred wholly and exclusively for the purpose of business. Followed   CIT v. Bombay Dyeing &#038; Mfg. Co. Ltd (1996 ) 219 ITR 521(SC)    Referred\u00a0 S.A.Builders Ltd v CIT ( 2007) 288 ITR 1 (SC).( CA Nos 10 ,&amp;11 of 2019 dt 25 -9-2020)  (AY.2010-11 )     <\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013Capital or revenue- Foreign travel expenditure -Acquisition of business- Repair and maintenance \u2013 Bonafide expenditure incurred , wholly and exclusively for the purpose of business  would be allowable . <\/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-15125","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3VX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15125","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=15125"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15125\/revisions"}],"predecessor-version":[{"id":20108,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15125\/revisions\/20108"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}