{"id":1076,"date":"2018-05-31T11:03:33","date_gmt":"2018-05-31T11:03:33","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-indo-widecom-international-ltd-2018-253-taxman-117-300-ctr-437-161-dtr-345-allhc\/"},"modified":"2018-12-16T14:37:16","modified_gmt":"2018-12-16T14:37:16","slug":"cit-v-indo-widecom-international-ltd-2018-253-taxman-117-300-ctr-437-161-dtr-345-allhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-indo-widecom-international-ltd-2018-253-taxman-117-300-ctr-437-161-dtr-345-allhc\/","title":{"rendered":"CIT  v.  Indo Widecom International Ltd.  (2018) 409 ITR 144\/  253 Taxman 117  \/  300 CTR 437 \/161 DTR 345  (All)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; Share application money from holding company which was adjusted against goods sold by assessee cannot be assessed\u00a0 as\u00a0 cessation or remission of liability\u00a0 .(AY.2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax &#8211; Remission or cessation of trading liability \u2013 Share application money from holding company which was adjusted against goods sold by assessee cannot be assessed  as  cessation or remission of liability .<\/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-1076","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-hm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1076","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=1076"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1076\/revisions"}],"predecessor-version":[{"id":3277,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1076\/revisions\/3277"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}