{"id":28966,"date":"2022-08-02T11:02:11","date_gmt":"2022-08-02T05:32:11","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-pc-jewellers-ltd-2022-93-itr-244-delhitrib-sas-research-and-development-india-p-ltd-v-dy-cit-no-2-2022-93-itr-501-punetrib\/"},"modified":"2022-08-02T11:02:11","modified_gmt":"2022-08-02T05:32:11","slug":"acit-v-pc-jewellers-ltd-2022-93-itr-244-delhitrib-sas-research-and-development-india-p-ltd-v-dy-cit-no-2-2022-93-itr-501-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-pc-jewellers-ltd-2022-93-itr-244-delhitrib-sas-research-and-development-india-p-ltd-v-dy-cit-no-2-2022-93-itr-501-punetrib\/","title":{"rendered":"ACIT v. PC Jewellers Ltd. (2022) 93 ITR 244 (Delhi)(Trib.) Sas Research and Development (India) P. Ltd. v. Dy.CIT (No. 2) (2022) 93 ITR 501 (Pune)(Trib.)"},"content":{"rendered":"<p>Held that the education cess was a mandatory expense to be paid but did not fall under capital and personal expenditure. Therefore, following the provisions of sections\u00a040(a)(ii)\u00a0and\u00a0115JB\u00a0and CBDT Circular No. 91\/58\/66-ITJ(19), the assessee was entitled to the deduction as per the provisions of section\u00a037\u00a0of the Act. (AY. 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Education Cess-Additional grounds admitted-Allowable as deduction. [S. 40(a)(ii), 254(1)] <\/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-28966","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7xc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28966","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=28966"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28966\/revisions"}],"predecessor-version":[{"id":28967,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28966\/revisions\/28967"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}