{"id":17906,"date":"2021-05-10T16:39:42","date_gmt":"2021-05-10T11:09:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sitae-re-p-ltd-v-ito-2020-83-itr-457-delhitrib\/"},"modified":"2021-05-10T16:39:42","modified_gmt":"2021-05-10T11:09:42","slug":"sitae-re-p-ltd-v-ito-2020-83-itr-457-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sitae-re-p-ltd-v-ito-2020-83-itr-457-delhitrib\/","title":{"rendered":"Sitae Re P. Ltd. v. ITO (2020) 83 ITR 457 (Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the exchange fluctuation loss arising on account of the revaluation of business advances at the close of the year by the assessee was allowable as deduction in the hands of the assessee. Accordingly, the addition of Rs.2.59 crores was deleted.(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Loss on revaluation of business advances-Loss  on account of  foreign exchange rate fluctuation as on date of  balance-sheet is allowable as deduction. [S. 28(1)] <\/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-17906","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4EO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17906","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=17906"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17906\/revisions"}],"predecessor-version":[{"id":17907,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17906\/revisions\/17907"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}