{"id":33820,"date":"2023-04-18T11:15:02","date_gmt":"2023-04-18T05:45:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bhushan-logistics-p-ltd-v-ito-2022-195-itd-756-mum-trib\/"},"modified":"2023-04-18T11:15:02","modified_gmt":"2023-04-18T05:45:02","slug":"bhushan-logistics-p-ltd-v-ito-2022-195-itd-756-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bhushan-logistics-p-ltd-v-ito-2022-195-itd-756-mum-trib\/","title":{"rendered":"Bhushan Logistics (P.) Ltd. v. ITO (2022) 195 ITD 756 (Mum.) (Trib.)"},"content":{"rendered":"<p>Assessee engaged in the business of transporters incurred expenditure in cash towards diesel, petrol and oil and freight.\u00a0 The AO disallowed one per cent of expenses for want of verification on an ad hoc basis. Held that\u00a0 expenditure incurred in cash in comparison to freight income was very minuscule and assessee is engaged in the business of transporters such expenses were unavoidable, Assessing Officer was directed to delete\u00a0 disallowance of expenses\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Cash expenditure-Diesel, petrol oil and freight-Disallowance of one per cent of expenditure on ad-hoc basis-Disallowance was directed to be deleted. <\/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-33820","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Nu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33820","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=33820"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33820\/revisions"}],"predecessor-version":[{"id":33821,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33820\/revisions\/33821"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=33820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=33820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}