{"id":20010,"date":"2021-07-07T12:32:40","date_gmt":"2021-07-07T07:02:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-shaw-wallace-distilleries-ltd-2021-277-taxman-145-karn-hc\/"},"modified":"2021-07-07T12:32:40","modified_gmt":"2021-07-07T07:02:40","slug":"cit-v-shaw-wallace-distilleries-ltd-2021-277-taxman-145-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-shaw-wallace-distilleries-ltd-2021-277-taxman-145-karn-hc\/","title":{"rendered":"CIT v. Shaw Wallace Distilleries Ltd. (2021) 277 Taxman 145 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 the debt was written off as irrevocable in accounts of assessee. Accordingly the Tribunal was justified in allowing claim of assessee towards bad debt on account of TDS payments on behalf its promoters. \u00a0(AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt-TDS payment-Sales promoters-Order of Tribunal  allowing the claim as   bad debt is affirmed. [S. 260A]  <\/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-20010","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5cK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20010","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=20010"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20010\/revisions"}],"predecessor-version":[{"id":20011,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20010\/revisions\/20011"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}