{"id":1503,"date":"2018-06-29T08:48:16","date_gmt":"2018-06-29T08:48:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-chaitanya-godavari-grameena-bank-2018-170-itd-668-visakh-trib\/"},"modified":"2018-10-28T10:08:13","modified_gmt":"2018-10-28T10:08:13","slug":"acit-v-chaitanya-godavari-grameena-bank-2018-170-itd-668-visakh-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-chaitanya-godavari-grameena-bank-2018-170-itd-668-visakh-trib\/","title":{"rendered":"ACIT  v.  Chaitanya Godavari Grameena Bank. (2018) 170 ITD 668\/66 ITR 31 (Visakh)  (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the revenue , the Tribunal held that , provision for standard asset is purely contingent and cannot be allowed as deduction. \u00a0( AY.2010-11, 2011, 12 ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts &#8211; Schedule bank &#8211; Provision for standard assets is purely contingent hence cannot be allowed as deduction.<\/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-1503","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-of","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1503","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=1503"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1503\/revisions"}],"predecessor-version":[{"id":2754,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1503\/revisions\/2754"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}