{"id":34009,"date":"2023-04-22T10:52:47","date_gmt":"2023-04-22T05:22:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/everest-industries-ltd-v-dcit-2022-196-itd-563-mum-trib-2\/"},"modified":"2023-04-22T10:52:47","modified_gmt":"2023-04-22T05:22:47","slug":"everest-industries-ltd-v-dcit-2022-196-itd-563-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/everest-industries-ltd-v-dcit-2022-196-itd-563-mum-trib-2\/","title":{"rendered":"Everest Industries Ltd. v. DCIT (2022) 196 ITD 563 (Mum.)(Trib.)"},"content":{"rendered":"<p>Held that loss suffered on account of exchange difference as on date of balance sheet is an item of allowable expenditure.\u00a0 (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Loss on account of exchange difference-Allowable as deduction. [S.  28(i)] <\/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-34009","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Qx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34009","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=34009"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34009\/revisions"}],"predecessor-version":[{"id":34010,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34009\/revisions\/34010"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}