{"id":24646,"date":"2022-02-07T13:05:56","date_gmt":"2022-02-07T07:35:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/logix-buildtech-p-ltd-v-acit-2021-the-chambers-journal-december-p-68-delhitrib\/"},"modified":"2022-02-07T13:05:56","modified_gmt":"2022-02-07T07:35:56","slug":"logix-buildtech-p-ltd-v-acit-2021-the-chambers-journal-december-p-68-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/logix-buildtech-p-ltd-v-acit-2021-the-chambers-journal-december-p-68-delhitrib\/","title":{"rendered":"Logix Buildtech (P) Ltd. v. ACIT (2021) The Chamber\u2019s Journal-December-P. 68 (Delhi)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that once the business is set-up general and selling expenses are allowable as deduction though no revenue was generated. (ITA No. 3014\/Delhi\/2018 dt. 17-9-2-2021) (AY. 2013-14)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Real estate business-Pre-Operative expenses-Set-up of business-General administration and selling expenses are allowable as deduction though no revenue was generated.<\/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-24646","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6pw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24646","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=24646"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24646\/revisions"}],"predecessor-version":[{"id":24647,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24646\/revisions\/24647"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}