{"id":51678,"date":"2025-03-04T11:02:12","date_gmt":"2025-03-04T05:32:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-tata-chemicals-ltd-no-2-2024469-itr-256-bomhc\/"},"modified":"2025-03-04T11:02:12","modified_gmt":"2025-03-04T05:32:12","slug":"pcit-v-tata-chemicals-ltd-no-2-2024469-itr-256-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-tata-chemicals-ltd-no-2-2024469-itr-256-bomhc\/","title":{"rendered":"PCIT v. Tata Chemicals Ltd. (No. 2) (2024)469 ITR 256 (Bom)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that, advertisement expenses, payments made under voluntary retirement scheme, advance paid to project later shelved,\u00a0 allowable as revenue expenditure. Allowance of\u00a0 workmen and staff welfare fund\u00a0 Matter remanded by the Tribunal.\u00a0 \u00a0Followed PCIT v. \u00a0 v. Tata Chemicals L td. (No. 1) (2024)469 ITR 250 (Bom)(HC). Order of Tribunal is affirmed. \u00a0\u00a0\u00a0(AY.2000-01)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Capital or revenue-Advertisement expenses-Payments made under voluntary retirement scheme-Advance paid to project later shelved-Allowable as revenue expenditure-Allowance of  workmen and staff welfare fund-Matter remanded by the Tribunal-No question of law. [S. 36(1), 40A(9), 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-51678","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-drw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51678","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=51678"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51678\/revisions"}],"predecessor-version":[{"id":51679,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51678\/revisions\/51679"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}