{"id":1506,"date":"2018-06-29T08:51:47","date_gmt":"2018-06-29T08:51:47","guid":{"rendered":"http:\/\/itatonline.org\/digest\/jashojit-mukherjee-v-acit-2018-170-itd-701-kol-trib-2\/"},"modified":"2019-03-08T11:08:24","modified_gmt":"2019-03-08T11:08:24","slug":"jashojit-mukherjee-v-acit-2018-170-itd-701-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jashojit-mukherjee-v-acit-2018-170-itd-701-kol-trib-2\/","title":{"rendered":"Jashojit Mukherjee.  v. ACIT (2018) 170 ITD 701 \/195 TTJ 697 (Kol)   (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that; Amount not written back sundry creditors in his profit and loss account and had shown balance outstanding towards those creditors cannot be added as income ,since assessee had duly acknowledged his debt by accepting creditors liability to be discharged in future, there could not be any cessation of liability . ( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax &#8211; Remission or cessation of trading liability \u2013Amount not written back sundry creditors in his profit and loss account and had shown balance outstanding towards those creditors  cannot be added  as income .<\/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-1506","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-oi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1506","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=1506"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1506\/revisions"}],"predecessor-version":[{"id":4274,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1506\/revisions\/4274"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}