{"id":48070,"date":"2024-11-20T09:31:16","date_gmt":"2024-11-20T04:01:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib-2\/"},"modified":"2024-11-20T09:31:16","modified_gmt":"2024-11-20T04:01:16","slug":"asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asian-paints-ltd-v-acit-2024-205-itd-680-mumtrib-2\/","title":{"rendered":"Asian Paints Ltd. v. ACIT (2024) 205 ITD 680 (Mum)(Trib)"},"content":{"rendered":"<p>Assessee had incurred an expenditure under its Trip Scheme for its dealers. Assessing Officer disallowed\u00a0 expenditure on basis that entire trip of dealers was not for business purposes. Tribunal held that\u00a0 in assessee\u2019s own case for preceding assessment years had deleted similar disallowance holding that entire trip scheme was for purpose of expanding assessee&#8217;s business by encouraging dealers and distributors to achieve a specific target of purchase and, thus, scheme was closely linked to assessee&#8217;s business activity.Following\u00a0 decision of Tribunal\u00a0 disallowance is\u00a0 rightly deleted by Commissioner (Appeals). (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Trip for dealers-Expenditure incurred by assessee under its trip scheme for its dealer for purpose of expanding assessee&#8217;s business by encouraging dealers and distributors to achieve a specific target of purchase being closely linked to assessee&#8217;s business activity is allowable 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-48070","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cvk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48070","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=48070"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48070\/revisions"}],"predecessor-version":[{"id":48071,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48070\/revisions\/48071"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}