{"id":39701,"date":"2024-03-01T16:46:57","date_gmt":"2024-03-01T11:16:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-cec-soma-cici-jv-2023456-itr-705-155-taxmann-com-285-karnhc\/"},"modified":"2024-03-01T16:46:57","modified_gmt":"2024-03-01T11:16:57","slug":"pcit-v-cec-soma-cici-jv-2023456-itr-705-155-taxmann-com-285-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-cec-soma-cici-jv-2023456-itr-705-155-taxmann-com-285-karnhc\/","title":{"rendered":"PCIT. v. CEC Soma CICI JV (2023)456 ITR 705 \/155 taxmann.com 285 (Karn)(HC)"},"content":{"rendered":"<p>Dismissing the appeals of the Revenue\u00a0 the Court held that\u00a0 the provision for expenses was made on pro rata basis based on the turnover with reference to total unbillable future expenses of the assessee\u2019s project. For the assessment year 2013-14 after the remand the Assessing Officer had accepted the provision made by the assessee. For the subsequent assessment year 2014-15 no disallowance had been made. Order of the Tribunal is affirmed.\u00a0 (AY.2011-12, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Provision for future expenses based on turnover-Provision is not contingent-Allowable  as deduction. [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-39701","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-akl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39701","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=39701"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39701\/revisions"}],"predecessor-version":[{"id":39702,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39701\/revisions\/39702"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}