{"id":785,"date":"2018-05-12T03:16:04","date_gmt":"2018-05-12T03:16:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-aloka-exports-bomhc-2018-bcaj-may-62\/"},"modified":"2018-05-12T03:16:04","modified_gmt":"2018-05-12T03:16:04","slug":"pcit-v-aloka-exports-bomhc-2018-bcaj-may-62","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-aloka-exports-bomhc-2018-bcaj-may-62\/","title":{"rendered":"PCIT v. Aloka Exports  ( Bom)(HC) ( 2018) BCAJ -May. 62"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , Fluctuation  in rate of exchange in case of loans utilised for working  capital of the business is held to be allowable expenditure .Relied CIT v. Woodward Governor India Pvt  Ltd  (2009) 312 ITR 254 (SC)   (ITANo.806 of 2015 dt.26-02-2018)( AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i):Business loss-Fluctuation  in rate of exchange in case of loans utilised for working  capital of the business is held to be allowable expenditure [ S.37(1) ]<\/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-785","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/785","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=785"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/785\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}