{"id":41371,"date":"2024-04-05T13:07:17","date_gmt":"2024-04-05T07:37:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-indus-towers-ltd-2023459-itr-719-2024-296-taxman-387-delhihc-editorial-refer-dy-cit-v-indus-towers-ltd-2019-73-itr-17-sn-delhitrib-3\/"},"modified":"2024-04-05T13:07:17","modified_gmt":"2024-04-05T07:37:17","slug":"pcit-v-indus-towers-ltd-2023459-itr-719-2024-296-taxman-387-delhihc-editorial-refer-dy-cit-v-indus-towers-ltd-2019-73-itr-17-sn-delhitrib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-indus-towers-ltd-2023459-itr-719-2024-296-taxman-387-delhihc-editorial-refer-dy-cit-v-indus-towers-ltd-2019-73-itr-17-sn-delhitrib-3\/","title":{"rendered":"PCIT v. Indus Towers Ltd. (2023)459 ITR 719\/(2024) 296 Taxman 387 (Delhi)(HC) Editorial : Refer, Dy.CIT v. Indus Towers Ltd (2019) 73 ITR 17 (SN) (Delhi)(Trib)"},"content":{"rendered":"<p>Held that upfront loan processing fee\u00a0 though it was amortised for accounting purposes over a period of time in the profit and loss account, it was allowable in its entirety as deduction because a funding was required in business from time to time and those were regular business expenses<em>.<\/em> (AY. (AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Year of allowability-Method of accounting-Amortised in the accounts-Upfront loan processing fee expenses-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-41371","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aLh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41371","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=41371"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41371\/revisions"}],"predecessor-version":[{"id":41372,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41371\/revisions\/41372"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}