{"id":3591,"date":"2019-01-06T13:32:19","date_gmt":"2019-01-06T13:32:19","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-arvind-products-ltd-2018-255-taxman-472-guj-hc\/"},"modified":"2019-01-06T13:32:19","modified_gmt":"2019-01-06T13:32:19","slug":"cit-v-arvind-products-ltd-2018-255-taxman-472-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-arvind-products-ltd-2018-255-taxman-472-guj-hc\/","title":{"rendered":"CIT v. Arvind Products Ltd ( 2018) 255 Taxman 472 ( Guj) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ,product development expenses which is \u00a0incurred improving quality of existing products \u00a0and not involve development of new product is held ato be \u00a0allowable as revenue expenditure .( AY. 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure \u2013 Capital or revenue- Product development expenses -Expenditure incurred improving quality of existing products \u2013 Held to be allowable as revenue 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":[1],"tags":[],"class_list":["post-3591","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-VV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3591","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=3591"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3591\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}