{"id":108,"date":"2018-04-27T08:43:32","date_gmt":"2018-04-27T08:43:32","guid":{"rendered":"http:\/\/45.32.107.85\/?p=108"},"modified":"2018-04-27T08:43:32","modified_gmt":"2018-04-27T08:43:32","slug":"cit-v-godrej-reality-p-ltd-2018-161-dtr-417-300-ctr-257-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-godrej-reality-p-ltd-2018-161-dtr-417-300-ctr-257-bom-hc\/","title":{"rendered":"CIT  v. Godrej Reality ( P) Ltd ( 2018) 161 DTR 417 \/ 300 CTR 257( Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue , the  Court held that ;there was no right to receive income of  Rs .1.98 crores as interest as the development agreement has not been executed , therefore the interest has not accrued , income  cannot be assessed on hypothetical basis  .Further  Board of directors of the assessee company  had on 23 rd May 2007 passed a resolution , waiving the interest receivable. ( AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax -Accrual \u2013 Interest on project advance \u2013Development agreement has not taken place as the  interest has not accrued, income cannot be assessed on hypothetical basis [ 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_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-108","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1K","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/108","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=108"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/108\/revisions\/117"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}