{"id":39332,"date":"2024-02-21T12:10:03","date_gmt":"2024-02-21T06:40:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-gujarat-state-fertilizers-chemicals-ltd-2023-295-taxman-282-guj-hc\/"},"modified":"2024-02-21T12:10:03","modified_gmt":"2024-02-21T06:40:03","slug":"pcit-v-gujarat-state-fertilizers-chemicals-ltd-2023-295-taxman-282-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-gujarat-state-fertilizers-chemicals-ltd-2023-295-taxman-282-guj-hc\/","title":{"rendered":"PCIT v. Gujarat State Fertilizers &#038; Chemicals Ltd. (2023) 295 Taxman 282 (Guj.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the court held that expenditure incurred on repairs and maintenance to plant &amp; machinery is rightly allowed as revenue expenditure. Contribution to Sardar Vallabhbhai Rastriya Ekta Trust for construction of a statue of Sardar Vallabhbhai Patel being enhance value of brand name\u00a0 which is incurred on account of commercial expediency rightly allowed as business expenditure. (AY. 2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Replacements of  parts of machinery-Allowable as revenue expenditure-Contribution to  Sardar Vallabhbhai Rastriya Ekta Trust for construction of a statue of Sardar Vallabhbhai Patel-Enhance brand value-Allowable as deduction.  <\/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-39332","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aeo","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39332","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=39332"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39332\/revisions"}],"predecessor-version":[{"id":39333,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39332\/revisions\/39333"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}