{"id":61983,"date":"2026-07-13T11:18:18","date_gmt":"2026-07-13T05:48:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pankaj-enterprises-v-dy-cit-2025-237-ttj-497-mum-trib\/"},"modified":"2026-07-13T11:18:18","modified_gmt":"2026-07-13T05:48:18","slug":"pankaj-enterprises-v-dy-cit-2025-237-ttj-497-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pankaj-enterprises-v-dy-cit-2025-237-ttj-497-mum-trib\/","title":{"rendered":"Pankaj Enterprises v. Dy. CIT (2025) 237 TTJ 497 (Mum) (Trib)"},"content":{"rendered":"<p>Held that the lender company had granted a loan to the assessee on the condition that the assessee had to obtain an insurance policy, and the said loan was utilised for business purposes.\u00a0\u00a0 Insurance premium paid on the insurance policy of a partner is an allowable business expenditure. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Insurance premium paid on the insurance policy of a partner-Loan was granted with the condition of obtaining an insurance policy of one partner-Allowable as business expenditure.<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61983","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g7J","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61983","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=61983"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61983\/revisions"}],"predecessor-version":[{"id":61984,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61983\/revisions\/61984"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}