{"id":53038,"date":"2025-04-21T14:47:20","date_gmt":"2025-04-21T09:17:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-heavy-engineering-corporation-ltd-2024-471-itr-481-jharkhand-hc\/"},"modified":"2025-04-21T14:47:20","modified_gmt":"2025-04-21T09:17:20","slug":"pcit-v-heavy-engineering-corporation-ltd-2024-471-itr-481-jharkhand-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-heavy-engineering-corporation-ltd-2024-471-itr-481-jharkhand-hc\/","title":{"rendered":"PCIT v. Heavy Engineering Corporation Ltd. (2024) 471 ITR 481 (Jharkhand) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue, the Court held that the Tribunal is justified in allowing the\u00a0 provision\u00a0 for warranty\u00a0 and liquidated damages as allowable expenditure. Leave travel allowance as per rule and consistency practice allowable deduction.\u00a0 Provision of 43B(f) is not applicable. <strong>\u00a0<\/strong>\u00a0(AY, 2007-08, 2011-12, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Provision for warranty-Under contract  of sale-Liquidated damages-Allowable as expenditure-Leave travel allowance as per rule and consistency practice-Allowable deduction-Provision of 43B(f) is not applicable. [S.10(15), 43B(f), 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-53038","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dNs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53038","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=53038"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53038\/revisions"}],"predecessor-version":[{"id":53039,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53038\/revisions\/53039"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}