{"id":25572,"date":"2022-03-17T13:06:43","date_gmt":"2022-03-17T07:36:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ogene-systems-india-ltd-v-ito-2021-88-itr-2-sn-hyd-trib\/"},"modified":"2022-03-17T13:06:43","modified_gmt":"2022-03-17T07:36:43","slug":"ogene-systems-india-ltd-v-ito-2021-88-itr-2-sn-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ogene-systems-india-ltd-v-ito-2021-88-itr-2-sn-hyd-trib\/","title":{"rendered":"Ogene Systems India Ltd. v. ITO (2021) 88 ITR 2 (SN) (Hyd.)(Trib.)"},"content":{"rendered":"<p>Held that encashment of bank guarantee was incurred in the normal course of business and did not involve any penalty element at all. (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Bank guarantee to execute project-Bank recovering from the assessee-Loss in the ordinary course of business-No element of fines or penalties-Allowable as business 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-25572","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Es","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25572","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=25572"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25572\/revisions"}],"predecessor-version":[{"id":25573,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25572\/revisions\/25573"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}