{"id":46243,"date":"2024-09-15T09:38:22","date_gmt":"2024-09-15T04:08:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-hike-pvt-ltd-2024462-itr-183-delhihc\/"},"modified":"2024-10-02T07:13:32","modified_gmt":"2024-10-02T01:43:32","slug":"pcit-v-hike-pvt-ltd-2024462-itr-183-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-hike-pvt-ltd-2024462-itr-183-delhihc\/","title":{"rendered":"PCIT v. Hike Pvt. Ltd. (2024)462 ITR 183.\/158 taxmann.com 162  (Delhi)(HC)\/Editorial : SLP dismissed , PCIT v. Hike (P.) Ltd. (2024) 299 Taxman 447 \/\/ 299 Taxman 178 \/ 464 ITR 394  (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held, that the Assessing Officer\u2019s approach was that the assessee was not earning revenue. This approach was completely misdirected. The disallowance of the expenditure was not justified.(AY.2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1): Business expenditure-Capital or revenue \u2013 Purchase of software &#8211; Not necessary that income must be earned because of  such expenditure.[S. 28(i)]<\/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-46243","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-c1R","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46243","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=46243"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46243\/revisions"}],"predecessor-version":[{"id":46825,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46243\/revisions\/46825"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}