{"id":18548,"date":"2021-05-25T11:25:50","date_gmt":"2021-05-25T05:55:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/michelin-india-p-ltd-v-jcit-2021-85-itr-86-delhitrib\/"},"modified":"2021-05-25T11:25:50","modified_gmt":"2021-05-25T05:55:50","slug":"michelin-india-p-ltd-v-jcit-2021-85-itr-86-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/michelin-india-p-ltd-v-jcit-2021-85-itr-86-delhitrib\/","title":{"rendered":"Michelin India P. Ltd. v. JCIT (2021) 85 ITR 86 (Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the management support services expanses, sales promotion expenses are allowable as business expenditure. As regards valuation of stock\u00a0 as the assessee has followed consistently valuing the stock at cost or net realizable value the same may be directed to be accepted. (AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Management support services-Valuation of stock-cost or net realisable value-Sales promotion expenses-Allowable as deduction. [S. 145]<\/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-18548","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Pa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18548","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=18548"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18548\/revisions"}],"predecessor-version":[{"id":18549,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18548\/revisions\/18549"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}