{"id":18060,"date":"2021-05-10T17:28:41","date_gmt":"2021-05-10T11:58:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jcit-v-mphasis-ltd-2020-84-itr-630-bang-trib\/"},"modified":"2021-05-10T17:28:41","modified_gmt":"2021-05-10T11:58:41","slug":"jcit-v-mphasis-ltd-2020-84-itr-630-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jcit-v-mphasis-ltd-2020-84-itr-630-bang-trib\/","title":{"rendered":"JCIT v. Mphasis Ltd. (2020) 84 ITR 630 (Bang.)(Trib.)"},"content":{"rendered":"<p>Tribunal\u00a0 held\u00a0 that even if the expenditure was disallowed, it would increase the profits of the business eligible for deduction under section\u00a010A\/10AA\u00a0of the Act and consequently the deduction should be allowed on such enhanced profits. This position had been confirmed by the Central Board of Direct Taxes in its Circular No. 37 of 2016, dated November 2, 2016 ([2016] 388 ITR (St.) (62). Relied on \u00a0CIT v. Gem Plus Jewellery India Ltd. (<a href=\"http:\/\/www.taxlawsonline.com\/%5b2011%5d%20330%20ITR%200175\">2011) 330 ITR\u00a0 175<\/a>\u00a0(Bom),(HC) ITO\u00a0 v. Keval Construction\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2013%5d%20354%20ITR%200013\">(2013) 354 ITR 13<\/a>\u00a0(Guj.)(HC) and CIT v. M. Pact Technology Services Pvt.\u00a0 Ltd. (I.T.A. No. 228 of 2013, dated July 11, 2018) (Karn.)(HC) Tribunal held that \u00a0since there was no tax liability ultimately there was no necessity for adjudicating the validity of initiation of the reassessment proceedings. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia) : Amounts not deductible-Deduction at source-Export of  computer software-Disallowance would increase profits of business eligible for deduction-Validity of initiation of  reassessment proceedings not adjudicated. [S. 10A, 10AA, 147, 148, 195] <\/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-18060","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Hi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18060","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=18060"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18060\/revisions"}],"predecessor-version":[{"id":18061,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18060\/revisions\/18061"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}