{"id":25370,"date":"2022-03-12T15:51:28","date_gmt":"2022-03-12T10:21:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/a-o-smith-india-water-products-pvt-ltd-v-dy-cit-2021-86-itr-38-sn-bang-trib-3\/"},"modified":"2022-03-12T15:51:28","modified_gmt":"2022-03-12T10:21:28","slug":"a-o-smith-india-water-products-pvt-ltd-v-dy-cit-2021-86-itr-38-sn-bang-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-o-smith-india-water-products-pvt-ltd-v-dy-cit-2021-86-itr-38-sn-bang-trib-3\/","title":{"rendered":"A.O. Smith India Water Products Pvt. Ltd. v. Dy.CIT (2021) 86 ITR 38 (SN.) (Bang.)(Trib.)"},"content":{"rendered":"<p>Held that provision for advertisement,, as the\u00a0 liability crystalised in the following year, not allowable\u00a0 deduction for the year under consideration.\u00a0 \u00a0As regards disallowance of the warranty provision, the Dispute Resolution Panel directed the Assessing Officer to verify whether the expenditure has actually been claimed for the year, in order to be allowed, which verification was not carried out by the Assessing Officer. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Provision for advertisement-Liability crystalised in the following year-Not allowable-Provision for warranty-Directed to verify and allow.   <\/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-25370","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Bc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25370","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=25370"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25370\/revisions"}],"predecessor-version":[{"id":25371,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25370\/revisions\/25371"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}