{"id":9003,"date":"2020-01-01T07:13:57","date_gmt":"2020-01-01T07:13:57","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-hal-offshore-ltd-2019-178-itd-272-delhitrib\/"},"modified":"2020-02-09T07:02:12","modified_gmt":"2020-02-09T07:02:12","slug":"acit-v-hal-offshore-ltd-2019-178-itd-272-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-hal-offshore-ltd-2019-178-itd-272-delhitrib\/","title":{"rendered":"ACIT v. HAL Offshore Ltd.  (2019) 178 ITD 272 \/ 202 TTJ 308\/( 2020) 185 DTR 392(Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal while dismissing the appeal of the revenue held that, books of account had been duly audited and no discrepancy was found by revenue authorities, further observed that there was increased turnover and also increased profit during year, hence, increase in festival expenditure could not be treated as disallowable expenditure. (AY. 2012 \u2013 2013)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Festival expenditure\u2013Books of account not rejected-Disallowance of 25% of festival expenses cannot  be disallow when books of accounts were duly audited and no discrepancy was found. [S. 145]<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-9003","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2ld","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9003","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=9003"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9003\/revisions"}],"predecessor-version":[{"id":9720,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9003\/revisions\/9720"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}