{"id":7480,"date":"2019-09-28T06:48:54","date_gmt":"2019-09-28T06:48:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/epe-process-filters-and-accumulators-pvt-ltd-v-dycit-2019-70-itr-586-hyd-trib\/"},"modified":"2019-09-28T06:48:54","modified_gmt":"2019-09-28T06:48:54","slug":"epe-process-filters-and-accumulators-pvt-ltd-v-dycit-2019-70-itr-586-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/epe-process-filters-and-accumulators-pvt-ltd-v-dycit-2019-70-itr-586-hyd-trib\/","title":{"rendered":"EPE Process Filters And Accumulators Pvt. Ltd. v. DyCIT (2019) 70 ITR  586  (Hyd.)(Trib.)"},"content":{"rendered":"<p>Held, that the assessee\u2019s submissions in support of its claim under section\u00a037(1)\u00a0were that it had purchased Indian Premier League cricket match tickets to distribute them amongst its long standing customers to garner their goodwill and improve its business relations and therefore, it was its business expenditure. This was a plausible and acceptable submission. This was akin to distribution of gifts or articles on special occasions to the customers and such expenditure had been held to be business expenditure. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure\u2014Expenditure on purchase of Indian premier league cricket match tickets to distribute amongst long standing customers to improve its business relations\u2014akin to distribution of gifts or articles on special occasions to customers \u2014Deductible.<\/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-7480","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1WE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7480","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=7480"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7480\/revisions"}],"predecessor-version":[{"id":7481,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7480\/revisions\/7481"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}