{"id":9487,"date":"2020-02-06T09:19:54","date_gmt":"2020-02-06T09:19:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-reliance-natural-resources-ltd-2019-267-taxman-644-bom-hc-4\/"},"modified":"2022-08-27T17:24:16","modified_gmt":"2022-08-27T11:54:16","slug":"pcit-v-reliance-natural-resources-ltd-2019-267-taxman-644-bom-hc-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-reliance-natural-resources-ltd-2019-267-taxman-644-bom-hc-4\/","title":{"rendered":"PCIT v. Reliance Natural Resources Ltd. (2019) 267 Taxman 644 (Bom.)(HC)\/Editorial : SLP of Revenue dismissed , PCIT  v.  Reliance Natural Resources Ltd. (2022)  286 Taxman 435 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that expenses incurred on issue of Foreign Currency Convertible Bond (FCCB) for raising loan is held to be revenue expenditure.\u00a0 (ITANO. 623 of 2017 dt 26-08-2019) (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure\u2013Capital or revenue\u2013Foreign currency convertible Bond-(FCCB) issuing expenses\u2013Held to be allowable as revenue expenses.<\/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-9487","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2t1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9487","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=9487"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9487\/revisions"}],"predecessor-version":[{"id":29176,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9487\/revisions\/29176"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}