{"id":4890,"date":"2019-04-15T10:37:49","date_gmt":"2019-04-15T10:37:49","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-oil-industries-development-board-2019-103-taxmann-com-326-sc-www-itatonline-org-editorial-pcit-v-oil-industries-development-board-2019-103-taxmann-com-325-delhihc-is-affirmed\/"},"modified":"2019-05-23T05:40:26","modified_gmt":"2019-05-23T05:40:26","slug":"pcit-v-oil-industries-development-board-2019-103-taxmann-com-326-sc-www-itatonline-org-editorial-pcit-v-oil-industries-development-board-2019-103-taxmann-com-325-delhihc-is-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-oil-industries-development-board-2019-103-taxmann-com-326-sc-www-itatonline-org-editorial-pcit-v-oil-industries-development-board-2019-103-taxmann-com-325-delhihc-is-affirmed\/","title":{"rendered":"PCIT v. Oil Industries Development Board (2019) 262 Taxman 102  (SC), www.itatonline.org Editorial : PCIT v. Oil Industries Development Board  (2019) 103 taxmann.com 325 (Delhi)(HC) is affirmed .( ITA No. 187\/2018  dt 16-02-2018)"},"content":{"rendered":"<p>In the absence of any exempt income, no\u00a0 disallowance is permissible (CIT v. Essar Teleholdings Ltd. \u00a0(2018) 401 ITR 445 (SC) followed, Cheminvest\u00a0 Ltd. v. CIT (2015) \u00a0378 ITR 33 (Delhi)(HC) approved). (SLP No.2755\/2019, dt. 16.02.2018)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-In the absence of any exempt income- No  disallowance can be made. [R. 8D]<\/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-4890","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1gS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4890","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=4890"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4890\/revisions"}],"predecessor-version":[{"id":5567,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4890\/revisions\/5567"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}