{"id":20634,"date":"2021-07-26T13:55:06","date_gmt":"2021-07-26T08:25:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-lenovo-india-pvt-ltd-2021-433-itr-117-karn-hc-2\/"},"modified":"2022-02-09T11:50:58","modified_gmt":"2022-02-09T06:20:58","slug":"pcit-v-lenovo-india-pvt-ltd-2021-433-itr-117-karn-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-lenovo-india-pvt-ltd-2021-433-itr-117-karn-hc-2\/","title":{"rendered":"PCIT v. Lenovo India Pvt. Ltd. (2021) 433 ITR 117  203 DTR 306\/ 280 Taxman 72\/ 323 CTR 723 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that provision for warranty on scientific basis, allowable as deduction. Court also held that\u00a0 payment of market support fee and transmission fee for smooth running of business\u00a0 is allowable as revenue expenditure.\u00a0 Applied the ratio in\u00a0 Empire Jute Co Ltd v. CIT (1980) 124\u00a0 ITR 1 (SC), Rotork Controls India (P) Ltd (2019) 314 ITR 62 (SC). (AY.2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Provision for warranty on scientific basis-Allowable as deduction-Payment of market support fee and transmission fee for smooth running of business-Allowable as revenue expenditure. <\/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-20634","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5mO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20634","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=20634"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20634\/revisions"}],"predecessor-version":[{"id":24789,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20634\/revisions\/24789"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}