{"id":45205,"date":"2024-08-16T07:50:21","date_gmt":"2024-08-16T02:20:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/alpha-reality-v-asst-cit-2023108-itr-7-snchennai-trib-2\/"},"modified":"2024-08-16T07:50:21","modified_gmt":"2024-08-16T02:20:21","slug":"alpha-reality-v-asst-cit-2023108-itr-7-snchennai-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/alpha-reality-v-asst-cit-2023108-itr-7-snchennai-trib-2\/","title":{"rendered":"Alpha Reality v. Asst. CIT (2023)108 ITR 7 (SN)(Chennai) (Trib)"},"content":{"rendered":"<p>Held that expenses in nature of staff salary, depreciation on building, vehicle running and maintenance and audit fees. Assessee not earning any business income But having to incur certain minimum expenditure to maintain corporate entity. Assessing Officer is directed to\u00a0 allow 25 Per Cent. of\u00a0 expenditure. (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Salary, depreciation, audit fees-Not earning any income-Expenditure to maintain corporate entity-Directed to  allow 25 Per Cent. of  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-45205","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bL7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45205","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=45205"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45205\/revisions"}],"predecessor-version":[{"id":45206,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45205\/revisions\/45206"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}