{"id":11024,"date":"2020-04-02T07:34:37","date_gmt":"2020-04-02T07:34:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/sati-exports-india-pvt-ltd-v-dy-cit-202077-itr-65-sn-bang-trib\/"},"modified":"2020-04-02T07:34:37","modified_gmt":"2020-04-02T07:34:37","slug":"sati-exports-india-pvt-ltd-v-dy-cit-202077-itr-65-sn-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sati-exports-india-pvt-ltd-v-dy-cit-202077-itr-65-sn-bang-trib\/","title":{"rendered":"Sati Exports India Pvt. Ltd. v. Dy. CIT (2020)77 ITR 65 (SN) (Bang.)(Trib.)"},"content":{"rendered":"<p>Tribunal held, that there was no infirmity in the action of the AO. The proceedings under S.\u00a0154\u00a0cannot be initiated on debatable issue but if the ultimate answer to the question which is a subject matter of the proceedings under S.154\u00a0can only be one then the proceedings under S.154\u00a0can be initiated and cannot be cancelled on the ground that the issue that was a subject matter of proceeding under S.154\u00a0were debatable involving a long drawn process of reasoning. The Supreme Court decision in\u00a0Punjab State Industrial Development Corporation Ltd. v. CIT\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/searchother.html?Greference|2020|77|65|TRIB\">(1997) 225 ITR 792<\/a> (SC) \u00a0was available when the AO\u00a0 passed the order of assessment, and it could not be said that there could be different views on the question whether fees paid to the Registrar of Companies on expansion of capital base was capital expenditure or revenue expenditure. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 154 : Rectification of mistake\u2013Capital or revenue-Fees paid to Registrar of companies-Not considering the Judgement of supreme Court\u2013 Rectification is held to be  proper. [S. 37(i)] <\/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-11024","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2RO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11024","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=11024"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11024\/revisions"}],"predecessor-version":[{"id":11025,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11024\/revisions\/11025"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}