{"id":50759,"date":"2025-02-08T14:25:35","date_gmt":"2025-02-08T08:55:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dit-v-anz-grindlays-bank-2024-301-taxman-599-delhihc-2\/"},"modified":"2025-09-06T21:19:09","modified_gmt":"2025-09-06T15:49:09","slug":"dit-v-anz-grindlays-bank-2024-301-taxman-599-delhihc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dit-v-anz-grindlays-bank-2024-301-taxman-599-delhihc-2\/","title":{"rendered":"DIT v. ANZ Grindlays Bank (2024) 301 Taxman 599\/(2025) 476 ITR 624  (Delhi)(HC)"},"content":{"rendered":"<p>Assessee, a foreign bank, incurred expenses for inviting NRIs to open deposits in its Indian branches. Such expenses were incurred in accordance with a Reserve Bank of India circular dated 16-10-1991. Tribunal held that\u00a0 since said expenditure was incurred solely for purpose of business of assessee in India, same is\u00a0 to be allowed. Order of Tribunal is affirmed by High Court. (AY. 1992-93, 1994-95,\u00a0 1995-96)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Expenses for inviting NRIs to open deposits in its Indian branches-Allowable as business expenditure.   [S.260A]<\/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-50759","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dcH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50759","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=50759"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50759\/revisions"}],"predecessor-version":[{"id":56444,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50759\/revisions\/56444"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}