{"id":15623,"date":"2021-03-11T15:07:50","date_gmt":"2021-03-11T09:37:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-m-p-electricity-board-2020-429-itr-349-mphc\/"},"modified":"2021-06-19T20:17:12","modified_gmt":"2021-06-19T14:47:12","slug":"cit-v-m-p-electricity-board-2020-429-itr-349-mphc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-m-p-electricity-board-2020-429-itr-349-mphc\/","title":{"rendered":"CIT v. M. P. Electricity Board (2020) 429 ITR 349\/(2021) 277 Taxman 483 (MP)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that section\u00a024\u00a0of the\u00a0Electricity (Supply) Act, 1948\u00a0required the assessee to subscribe to the associations constituted for the purpose conducive to development of electricity. Therefore, the amount paid for the project was to be allowed under section\u00a037(1)\u00a0of the Act as it was incurred in the ordinary course of the business of the assessee and as a part of obligation to its consumers to develop electricity. Further the assessee was allowed to deposit contributions with the Provident Fund Trust under regulation 11 of the Provident Fund Regulations under which there was no specific date for deposit of the provident fund by it.\u00a0 Order of Tribunal is affirmed. (AY.1994-95)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Contribution made under specific directions of  Government of  India to other projects-Contributions to Provident Fund  &#8211; Held to be allowable as deduction. [S. 36(1)(va), Electricity (Supply) Act, 1948, S. 24] <\/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-15623","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-43Z","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15623","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=15623"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15623\/revisions"}],"predecessor-version":[{"id":19499,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15623\/revisions\/19499"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}