{"id":1843,"date":"2018-07-25T00:34:08","date_gmt":"2018-07-25T00:34:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-ltd-2018-256-taxman-1-calhc\/"},"modified":"2019-05-29T10:22:57","modified_gmt":"2019-05-29T10:22:57","slug":"pcit-v-akzo-noble-india-ltd-2018-256-taxman-1-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-ltd-2018-256-taxman-1-calhc\/","title":{"rendered":"PCIT  v. Akzo Noble India Ltd. (2018) 256 Taxman 1 \/ ( 2019) 413 ITR 79(Cal)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , Expenses on restructuring of business is held to be allowable as revenue expenditure.Expenses of sale of one unit is held to be allowable business expenditure .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1):Business expenditure \u2013 Capital or revenue \u2013 Expenses on restructuring of business is held to be allowable as revenue expenditure.Sale of one of unit- Expendiure is 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":[1],"tags":[],"class_list":["post-1843","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-tJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1843","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=1843"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1843\/revisions"}],"predecessor-version":[{"id":5595,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1843\/revisions\/5595"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}