{"id":19382,"date":"2021-06-17T15:20:18","date_gmt":"2021-06-17T09:50:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hajee-a-p-bava-and-company-const-p-ltd-v-acit-2020-272-taxman-230-karn-hc\/"},"modified":"2021-06-17T15:20:18","modified_gmt":"2021-06-17T09:50:18","slug":"hajee-a-p-bava-and-company-const-p-ltd-v-acit-2020-272-taxman-230-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hajee-a-p-bava-and-company-const-p-ltd-v-acit-2020-272-taxman-230-karn-hc\/","title":{"rendered":"Hajee A.P. Bava and Company Const. (P.) Ltd. v. ACIT (2020) 272 taxman 230 (Karn.)(HC)"},"content":{"rendered":"<p>Assessee&#8217;s claim for bad debts was rejected by revenue authorities without ascertaining as to whether said amount was offered to income in previous year or earlier years. On appeal High Court held that and, when the\u00a0 aseessee debited amount of doubtful debts to profit and loss account and reduced same from asset side of balance sheet, impugned order was to be set aside and, matter was to be remanded back for disposal afresh.\u00a0 (AY.\u00a0 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt-Income offered as income-Reduced from asset side of balance sheet-Order was set aside. [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-19382","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-52C","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19382","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=19382"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19382\/revisions"}],"predecessor-version":[{"id":19383,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19382\/revisions\/19383"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}