{"id":45199,"date":"2024-08-16T07:45:38","date_gmt":"2024-08-16T02:15:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nike-india-p-ltd-v-dy-cit-2023108-itr-666-bang-trib\/"},"modified":"2024-08-16T07:45:38","modified_gmt":"2024-08-16T02:15:38","slug":"nike-india-p-ltd-v-dy-cit-2023108-itr-666-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nike-india-p-ltd-v-dy-cit-2023108-itr-666-bang-trib\/","title":{"rendered":"Nike India P. Ltd. v. Dy. CIT (2023)108 ITR 666 (Bang) (Trib)"},"content":{"rendered":"<p>Held that disallowance on purchase of\u00a0 trade samples also subject matter of Transfer Pricing adjustment. Assessing Officer is directed to allow necessary relief in event same income gets doubly taxed. Sales return is\u00a0 not allowable\u00a0 as revenue expenditure.\u00a0\u00a0 Expenditure incurred with reference to refurbishment of\u00a0 retail showroom\u00a0 is allowable as\u00a0 revenue expenditure. \u00a0<em>(<\/em>AY.2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Trade samples-Assessing Officer to allow  relief in event same income gets doubly taxed-Sales return-Not allowable-Expenditure incurred with reference to refurbishment of  retail showroom-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":[21],"tags":[],"class_list":["post-45199","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bL1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45199","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=45199"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45199\/revisions"}],"predecessor-version":[{"id":45200,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45199\/revisions\/45200"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}