{"id":6600,"date":"2019-08-21T08:23:15","date_gmt":"2019-08-21T08:23:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-rajesh-prakash-timblo-2019-415-itr-334-bom-hc-pcit-v-vidya-rajesh-timlo-2019-415-itr-334-bom-hc\/"},"modified":"2021-05-04T13:05:51","modified_gmt":"2021-05-04T07:35:51","slug":"pcit-v-rajesh-prakash-timblo-2019-415-itr-334-bom-hc-pcit-v-vidya-rajesh-timlo-2019-415-itr-334-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rajesh-prakash-timblo-2019-415-itr-334-bom-hc-pcit-v-vidya-rajesh-timlo-2019-415-itr-334-bom-hc\/","title":{"rendered":"PCIT   v.  Rajesh Prakash Timblo  (2019) 415 ITR 334\/ (2020) 185 DTR 34\/ 313 CTR 91  (Bom.)(HC) PCIT v. Vidya Rajesh Timlo (2019) 415 ITR 334\/(2020) 185 DTR 34 \/ 313 CTR 91  (Bom.)(HC)"},"content":{"rendered":"<p>Court held that the highest rate of Income-tax attracted to both the assessees was uniform for the assessment years 2010-11 and 2011-12. Since the rate of Income-tax in the assessment years 2010-11 and 2011-12 was uniform, it was of no consequence to the Revenue whether to allow the expenditure in the assessment year 2010-11 or 2011-12.No question of law . Followed CIT v Nagri Mills Co. Ltd. (1958) 33 ITR 681 (Bom) (HC), CIT v. Aditya Builders Ltd. (2015) 378 ITR 75 (Bom.) (HC) CIT v Triveni Engineering and Industries Ltd (2011) 336 ITR 374 (Delhi) (HC) CIT v. Gujarat State Forest Development (2007) 288 ITR 28 (Guj.) (HC) (AY. 2011-12, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Year of allowability of expenditure-Method of accounting-Rate of tax is same  in both assessment years-Question academic-No question of law. [S. 145, 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":[1],"tags":[],"class_list":["post-6600","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Is","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6600","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=6600"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6600\/revisions"}],"predecessor-version":[{"id":17580,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6600\/revisions\/17580"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}