{"id":8359,"date":"2019-11-24T15:11:09","date_gmt":"2019-11-24T15:11:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-eastern-silk-industries-ltd-2019-179-itd-22-kol-trib-3\/"},"modified":"2020-01-19T10:44:28","modified_gmt":"2020-01-19T10:44:28","slug":"acit-v-eastern-silk-industries-ltd-2019-179-itd-22-kol-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-eastern-silk-industries-ltd-2019-179-itd-22-kol-trib-3\/","title":{"rendered":"ACIT   v.  Eastern Silk Industries Ltd. (2019) 179 ITD 22\/ 184 DTR 406 (Kol)   (Trib.)"},"content":{"rendered":"<p>During the \u00a0year the \u00a0assessee claimed deduction of club expenses incurred by directors of company. AO\u00a0 disallowed the claim \u00a0on ground that said expenditure was of personal nature. CIT (A) allowed the claim . On appeal by the revenue the Tribunal held that \u00a0nexus of expenditure incurred at club with its business was established by assessee and, in absence of any tenable or cogent material to rebut or controvert same, disallowance made by Assessing Officer was not sustainable. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure \u2013 Club expenses &#8211; Expenditure Club expenses incurred by directors of company  cannot be denied on ground  of personal in nature.<\/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-8359","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2aP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8359","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=8359"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8359\/revisions"}],"predecessor-version":[{"id":9284,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8359\/revisions\/9284"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}