{"id":80,"date":"2018-04-26T17:22:11","date_gmt":"2018-04-26T17:22:11","guid":{"rendered":"http:\/\/45.32.107.85\/?p=80"},"modified":"2018-04-26T17:26:50","modified_gmt":"2018-04-26T17:26:50","slug":"kamal-raheja-v-ito-2017-162-itd-55-183-ttj-538-145-dtr-225-smclucktrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kamal-raheja-v-ito-2017-162-itd-55-183-ttj-538-145-dtr-225-smclucktrib\/","title":{"rendered":"Kamal Raheja v. ITO (2017) 162 ITD 55 \/ 183 TTJ 538 \/ 145 DTR 225 (SMC)(Luck)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that; If a subscriber incurs loss in subscribing to chit fund to raise funds to use them in his business or for business purpose, such a loss is an allowable deduction. Referred,CBDT instruction No.1175 under order F. No. 169\/21\/78-IT (80) dated May16, 1978. (AY. 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss-Chit fund business-If a subscriber incurs loss in subscribing to chit fund to raise funds to use them in his business or for business purpose, such a loss is an allowable deduction.<\/p>\n","protected":false},"author":2,"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-80","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1i","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/80","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=80"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/80\/revisions"}],"predecessor-version":[{"id":82,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/80\/revisions\/82"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=80"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=80"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=80"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}