{"id":49991,"date":"2025-01-16T20:17:52","date_gmt":"2025-01-16T14:47:52","guid":{"rendered":"https:\/\/itatonline.org\/digest\/med-link-devices-p-ltd-v-dy-cit-2024110-itr-3-snmum-trib\/"},"modified":"2025-01-16T20:17:52","modified_gmt":"2025-01-16T14:47:52","slug":"med-link-devices-p-ltd-v-dy-cit-2024110-itr-3-snmum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/med-link-devices-p-ltd-v-dy-cit-2024110-itr-3-snmum-trib\/","title":{"rendered":"Med-Link Devices P. Ltd. v. Dy. CIT (2024)110 ITR 3 (SN)(Mum) (Trib)"},"content":{"rendered":"<p>Assessee\u00a0 is engaged in trading and distribution of cardiac stents, biomedical instruments, medical instruments, equipment, and machinery. Failing to furnish item-wise detail of total expenditure Assessing Officer is directed\u00a0 to examine details in light of law laid down by Apex Laboratories P. Ltd. v. Dy. CIT\u00a0 [2022] 442 ITR\u00a0 1 (SC) and\u00a0 Central Board Of Direct Taxes Circular No. 5 Of 2012, Dated 1-8-2012(2012) 346 ITR 95 (St).\u00a0\u00a0 As regards\u00a0\u00a0 expenditure incurred for business trips of\u00a0 partner of firm as no details furnished\u00a0 or document furnished to prove purpose of visit. Matter is remanded to the Assessing Officer. <em>\u00a0(<\/em>AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Business promotion expenses-Expenditure on medical camps Expenditure prohibited by law-Travel expenses-Expenditure incurred for business trips of partner of firm-Matter remanded to the file of the Assessing Officer <\/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-49991","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-d0j","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49991","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=49991"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49991\/revisions"}],"predecessor-version":[{"id":49992,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49991\/revisions\/49992"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}