{"id":48068,"date":"2024-11-20T09:30:55","date_gmt":"2024-11-20T04:00:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib\/"},"modified":"2024-11-20T09:30:55","modified_gmt":"2024-11-20T04:00:55","slug":"asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib\/","title":{"rendered":"Asian Paints Ltd. v. ACIT (2024) 205 ITD 680 (Mum)(Trib)"},"content":{"rendered":"<p>Assessee-company is\u00a0 engaged in business of manufacturing paints and enamels.It incurred\u00a0 expenditure\u00a0 on exploring various business opportunities on decorative paints business in Indonesia and Turkey constituted an extension of existing business of assessee. Allowable as\u00a0\u00a0 revenue in nature. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Decorative paint business-Capital or revenue-Extension of existing business-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-48068","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cvi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48068","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=48068"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48068\/revisions"}],"predecessor-version":[{"id":48069,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48068\/revisions\/48069"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}