{"id":4786,"date":"2019-04-08T10:39:56","date_gmt":"2019-04-08T10:39:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/knight-riders-sports-p-ltd-v-acit-2017-51-cch-591-2018-193-ttj-313-mum-trib-4\/"},"modified":"2019-04-08T10:39:56","modified_gmt":"2019-04-08T10:39:56","slug":"knight-riders-sports-p-ltd-v-acit-2017-51-cch-591-2018-193-ttj-313-mum-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/knight-riders-sports-p-ltd-v-acit-2017-51-cch-591-2018-193-ttj-313-mum-trib-4\/","title":{"rendered":"Knight Riders Sports P. Ltd.  v. ACIT (2017) 51 CCH 591 \/ ( 2018) 193 TTJ 313 (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee following mercantile method of accounting, therefore, expense which was incurred during year under consideration was recognized and claimed as a deduction. Followed\u00a0 Mysore Spinning and Manufacturing Co. Ltd.\u00a0 v. CIT (1966) 61 ITR 572 (Bom)(HC) . ( AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure  -Designing and exhibition of player outfits \u2014Held to be 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":[1],"tags":[],"class_list":["post-4786","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1fc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4786","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=4786"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4786\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}