{"id":4554,"date":"2019-03-28T09:59:09","date_gmt":"2019-03-28T09:59:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc-2\/"},"modified":"2019-07-14T04:05:54","modified_gmt":"2019-07-14T04:05:54","slug":"cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-punalur-paper-mills-ltd-2019-411-itr-563-ker-hc-2\/","title":{"rendered":"CIT v. Punalur Paper Mills Ltd. (2019) 411 ITR 563\/ 176 DTR 342\/ 309 CTR 42 (Ker.)(HC)"},"content":{"rendered":"<p>Section\u00a0speaks only of laying out expenditure, wholly or exclusively for the purpose of business or profession. The expenditure need not be for the purpose of earning profits or gains arising from business or profession.<\/p>\n<p>(AY. 1985-86, 1996-97 to 2002-03\u00a0)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Must be for business purposes\u2013Not necessary  that income should have been earned.<\/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-4554","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1bs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4554","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=4554"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4554\/revisions"}],"predecessor-version":[{"id":6104,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4554\/revisions\/6104"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}