{"id":4279,"date":"2019-03-08T12:01:42","date_gmt":"2019-03-08T12:01:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-ask-wealth-advisors-p-ltd-2018-168-dtr-349-bom-hc\/"},"modified":"2019-05-12T16:18:54","modified_gmt":"2019-05-12T16:18:54","slug":"cit-v-ask-wealth-advisors-p-ltd-2018-168-dtr-349-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-ask-wealth-advisors-p-ltd-2018-168-dtr-349-bom-hc\/","title":{"rendered":"CIT .v. ASK Wealth Advisors (P) Ltd. (2018) 168 DTR 349 (Bom.) (HC)"},"content":{"rendered":"<p>Dismissing the Departmental appeal, the High Court held that the Tribunal was justified in holding that the payment \/ reimbursement of \u201cshared services cost\u201d to holding company was genuinely incurred by the assesse, wholly and exclusively for the purpose of its business and is paid based on actual expenditure incurred, hence allowable as business expenditure . Not liable to deduct tax at source . (AY. 2008-2009)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia) : Amounts not deductible -Deduction at source &#8211; Reimbursement of \u201cshared services cost\u201d to holding company \u2013 Reading of relevant clauses of agreement do not lead to inference that amount is paid on estimation- Not liable to deduct tax at source [ S.194C.]<\/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-4279","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-171","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4279","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=4279"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4279\/revisions"}],"predecessor-version":[{"id":5414,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4279\/revisions\/5414"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}