{"id":25438,"date":"2022-03-12T16:36:21","date_gmt":"2022-03-12T11:06:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bharat-financial-inclusion-ltd-v-dy-cit-2021-87-itr-80-sn-hyd-trib\/"},"modified":"2022-03-12T16:36:21","modified_gmt":"2022-03-12T11:06:21","slug":"bharat-financial-inclusion-ltd-v-dy-cit-2021-87-itr-80-sn-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bharat-financial-inclusion-ltd-v-dy-cit-2021-87-itr-80-sn-hyd-trib\/","title":{"rendered":"Bharat Financial Inclusion Ltd. v. Dy.CIT (2021) 87 ITR 80 (SN) (Hyd.)(Trib.)"},"content":{"rendered":"<p>Held that loss on employee stock option plan,\u00a0 provision for gratuity, provision for approved gratuity fund\u00a0 are held to be allowable as deduction.\u00a0 Advance to employees welfare fund\u00a0 are made from internal accruals, interest\u00a0 paid not disallowable. (AY. 2012-13, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Employees\u2019 Stock option plan-Loss  on  account of  stock options-Allowable as deduction-Provision for gratuity-Allowable as deduction-Provision for approved gratuity fund-Allowable as deduction-Advance to  employees welfare fund-Interest not disallowable. [S. 36(1)(iii), 40A(7),  43B] <\/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-25438","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Ci","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25438","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=25438"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25438\/revisions"}],"predecessor-version":[{"id":25439,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25438\/revisions\/25439"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}