{"id":6526,"date":"2019-08-19T12:37:43","date_gmt":"2019-08-19T12:37:43","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-lok-advisory-services-p-ltd-2019-104-taxmann-com-67-264-taxman-39-mag-delhi-hc\/"},"modified":"2019-08-19T12:37:43","modified_gmt":"2019-08-19T12:37:43","slug":"pcit-v-lok-advisory-services-p-ltd-2019-104-taxmann-com-67-264-taxman-39-mag-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-lok-advisory-services-p-ltd-2019-104-taxmann-com-67-264-taxman-39-mag-delhi-hc\/","title":{"rendered":"PCIT v. Lok Advisory Services (P.) Ltd.  (2019)  104 taxmann.com 67 \/ 264 Taxman 39 (Mag.) (Delhi) (HC)"},"content":{"rendered":"<p>Assessee is engaged in providing managerial, technical, consultancy and investment research services to two overseas funds.\u00a0 Assessee claimed as revenue expenditure .AO disallowed the claim.\u00a0 Tribunal allowed the claim\u00a0 of the assessee. High Court affirmed the order of the Tribunal. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure\u2013Consultancy fee-Investment research services, paid an amount to its foreign associate entity \u2013 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_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":[1],"tags":[],"class_list":["post-6526","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Hg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6526","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=6526"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6526\/revisions"}],"predecessor-version":[{"id":6527,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6526\/revisions\/6527"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}