{"id":35819,"date":"2023-08-27T18:30:38","date_gmt":"2023-08-27T13:00:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-osd-v-danfoss-industries-pvt-ltd-2022-98-itr-8-snchennai-trib\/"},"modified":"2023-08-27T18:30:38","modified_gmt":"2023-08-27T13:00:38","slug":"acit-osd-v-danfoss-industries-pvt-ltd-2022-98-itr-8-snchennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-osd-v-danfoss-industries-pvt-ltd-2022-98-itr-8-snchennai-trib\/","title":{"rendered":"ACIT (OSD) v. Danfoss Industries Pvt. Ltd. (2022) 98 ITR 8 (SN)(Chennai) (Trib)"},"content":{"rendered":"<p>Held that the expenditure on systems, applications and products software licence is\u00a0 revenue expenditure.\u00a0 As regards\u00a0 \u00a0the overall breakup of sales tax provision and sales tax account along with the details of the movement in that account, i. e., the opening balance, the provision created during the year, the provision written off during the year and payment made during the year, was provided before the Assessing Officer but these had not been verified by the Assessing Officer. Matter remanded for verification. (AY. 2007-08, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or  revenue-Expenditure on systems, applications and products software licence-Revenue expenditure-Sales tax provision-Matter remanded. [S. 145]  <\/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-35819","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9jJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35819","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=35819"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35819\/revisions"}],"predecessor-version":[{"id":35820,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35819\/revisions\/35820"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}