{"id":15969,"date":"2021-03-24T12:30:38","date_gmt":"2021-03-24T07:00:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sesa-goa-ltd-v-cit-no-1-2021430-itr-109-bom-hc\/"},"modified":"2021-03-24T12:30:38","modified_gmt":"2021-03-24T07:00:38","slug":"sesa-goa-ltd-v-cit-no-1-2021430-itr-109-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sesa-goa-ltd-v-cit-no-1-2021430-itr-109-bom-hc\/","title":{"rendered":"Sesa Goa Ltd. v. CIT (NO. 1) (2021)430 ITR 109 (Bom.)(HC)"},"content":{"rendered":"<p>Court held that the bad debt actually written off as irrecoverable in the accounts of the assessee, on the basis of an authorisation by the board of directors at a meeting held to approve the accounts after the close of the year, could not be disallowed. (AY.1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt-Written off  as irrecoverable in accounts-Allowable as deduction. [S. 36(2)] <\/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-15969","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-49z","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15969","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=15969"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15969\/revisions"}],"predecessor-version":[{"id":15970,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15969\/revisions\/15970"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}