{"id":14292,"date":"2020-12-07T13:58:53","date_gmt":"2020-12-07T13:58:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/citltu-v-asea-brown-boveri-ltd-2020-427-itr-166-192-dtr-376-272-taxman-224-karnhc-3\/"},"modified":"2020-12-07T13:58:53","modified_gmt":"2020-12-07T13:58:53","slug":"citltu-v-asea-brown-boveri-ltd-2020-427-itr-166-192-dtr-376-272-taxman-224-karnhc-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/citltu-v-asea-brown-boveri-ltd-2020-427-itr-166-192-dtr-376-272-taxman-224-karnhc-3\/","title":{"rendered":"CIT(LTU) v. Asea Brown Boveri Ltd. (2020) 427 ITR 166 \/ 192 DTR 376\/272 Taxman 224 (Karn)(HC)"},"content":{"rendered":"<p>Court held that the Tribunal was justified in holding that the sum of customs duty paid and included in the closing stock was allowable in view of section\u00a043B\u00a0. The assessee had not raised such issue for the first time before the Tribunal as it had taken the ground before the Commissioner (Appeals). ( AY.1995-96)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.43B: Deductions on actual payment &#8211;   Custom duty \u2013 Allowable in year in which actually paid . <\/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":[21],"tags":[],"class_list":["post-14292","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Iw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14292","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=14292"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14292\/revisions"}],"predecessor-version":[{"id":14293,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14292\/revisions\/14293"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}