{"id":2102,"date":"2018-08-25T07:23:11","date_gmt":"2018-08-25T07:23:11","guid":{"rendered":"http:\/\/itatonline.org\/digest\/shalom-charitable-ministries-of-india-v-acit-2018-171-itd-338-cochin-trib-3\/"},"modified":"2020-03-07T08:27:33","modified_gmt":"2020-03-07T08:27:33","slug":"shalom-charitable-ministries-of-india-v-acit-2018-171-itd-338-cochin-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shalom-charitable-ministries-of-india-v-acit-2018-171-itd-338-cochin-trib-3\/","title":{"rendered":"Shalom Charitable Ministries of India  v. ACIT (2018) 171 ITD 338\/ 195 TTJ 340  \/( 2019) 177 DTR 22(Cochin)   (Trib.)"},"content":{"rendered":"<p>The assessee trust had paid certain amount in cash for purchase of land for development. The AO \u00a0disallowed 20 per cent of the \u00a0said sum u\/s.40A(3) of the Act. The Tribunal held that, the payment was towards purchase of land, capital expenditure is not charged to profit &amp; loss account\u00a0 hence disallowance was held to be not justified .(AY. 2007 \u2013 08 , 2009 -2010)<b><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(3) :Expenses or payments not deductible &#8211; Cash payments exceeding prescribed limits -Purchase of land -Capital expenditure  is charged to profit and loss account -Disallowance cannot be made .<\/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-2102","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-xU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2102","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=2102"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2102\/revisions"}],"predecessor-version":[{"id":10262,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2102\/revisions\/10262"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}