{"id":14464,"date":"2020-12-13T13:30:01","date_gmt":"2020-12-13T13:30:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-orient-craft-fashion-institute-of-technology-p-ltd-2020-78-itr-10-sn-delhi-trib\/"},"modified":"2020-12-13T13:30:01","modified_gmt":"2020-12-13T13:30:01","slug":"ito-v-orient-craft-fashion-institute-of-technology-p-ltd-2020-78-itr-10-sn-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-orient-craft-fashion-institute-of-technology-p-ltd-2020-78-itr-10-sn-delhi-trib\/","title":{"rendered":"ITO v. Orient Craft Fashion Institute Of Technology (P.) Ltd. (2020) 78 ITR 10 (SN) (Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal held that the Commissioner (Appeals) had followed the relevant provisions of section\u00a0199\u00a0of the\u00a0Income-tax Act, 1961\u00a0read with rule\u00a037BA(3)\u00a0of the\u00a0Income-tax Rules, 1962\u00a0which specify that credit of the tax deducted at source and paid to the Central Government, shall be given for the assessment year for which such income was assessable. Therefore the Assessing Officer was directed to restrict the credit of tax deduction at source corresponding to the income offered by the assessee.( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 199 : Deduction at source &#8211; Credit for tax deducted \u2013  Percentage  completion method-  Offering income as and when accrued &#8211;  Principle of  consistency \u2014 Deferred income not liable to tax-  Assessing Officer directed to restrict credit of  tax  deduction at  source corresponding to income offered  by  assessee. [ S.145 ,R. 37BBA(3) ] <\/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-14464","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Li","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14464","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=14464"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14464\/revisions"}],"predecessor-version":[{"id":14465,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14464\/revisions\/14465"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}