{"id":13208,"date":"2016-04-05T12:55:07","date_gmt":"2016-04-05T07:25:07","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=13208"},"modified":"2016-04-05T13:02:37","modified_gmt":"2016-04-05T07:32:37","slug":"bechtel-international-inc-v-ddit-itat-mumbai-income-does-not-accrue-if-the-debtor-is-in-a-precarious-financial-position-and-recovery-is-doubtful","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/bechtel-international-inc-v-ddit-itat-mumbai-income-does-not-accrue-if-the-debtor-is-in-a-precarious-financial-position-and-recovery-is-doubtful\/","title":{"rendered":"Bechtel International Inc vs. DDIT (ITAT Mumbai)"},"content":{"rendered":"<p>The Tribunal held that income did not accrue in the hands of the assessee owing to the precarious financial condition of the debtor notwithstanding that:<\/p>\n<p>a) Services were rendered and the income was recorded in the books of account of the assessee during the relevant year<\/p>\n<p>b) bad debts were claimed in subsequent years when the dispute was settled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income did not accrue in the hands of the assessee owing to the precarious financial condition of the debtor notwithstanding that: (a) Services were rendered and the income was recorded in the books of account of the assessee during the relevant year &#038; (b) bad debts were claimed in subsequent years when the dispute was settled<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/bechtel-international-inc-v-ddit-itat-mumbai-income-does-not-accrue-if-the-debtor-is-in-a-precarious-financial-position-and-recovery-is-doubtful\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"open","ping_status":"closed","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_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4,8],"tags":[],"class_list":["post-13208","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-tribunal","judges-r-c-sharma-am","judges-sanjay-garg-jm","section-63","section-70","counsel-sunil-m-lala","court-itat-mumbai","catchwords-accrual-of-income","genre-domestic-tax"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/13208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=13208"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/13208\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=13208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=13208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=13208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}