{"id":16602,"date":"2021-04-14T11:26:25","date_gmt":"2021-04-14T05:56:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/futura-polyster-ltd-v-ito-2020-184-itd-158-mum-trib-2\/"},"modified":"2022-03-27T17:36:12","modified_gmt":"2022-03-27T12:06:12","slug":"futura-polyster-ltd-v-ito-2020-184-itd-158-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/futura-polyster-ltd-v-ito-2020-184-itd-158-mum-trib-2\/","title":{"rendered":"Futura Polyster Ltd. v. ITO (2020) 184 ITD 158\/( 2021) 213 TTTJ 625  (Mum.)(Trib.)"},"content":{"rendered":"<p>The assessee filed its return wherein certain amount was offered disallowance in respect of VAT and excise duty payable. The Assessing Officer enhanced amount of disallowance. Tribunal held that the amount enhanced by assessee merely represented closing balance of earlier years that was brought forward to year under consideration hence\u00a0 same could not\u00a0 have been disallowed. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43B : Deductions on actual payment-VAT and excise duty-Closing balance of earlier years  cannot be added back.<\/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-16602","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4jM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16602","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=16602"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16602\/revisions"}],"predecessor-version":[{"id":26078,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16602\/revisions\/26078"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}