{"id":21779,"date":"2021-09-24T12:08:15","date_gmt":"2021-09-24T06:38:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/grand-lilly-motels-ltd-v-acit-2020-203-ttj-30-uo-amritsar-trib-2\/"},"modified":"2021-09-24T12:08:15","modified_gmt":"2021-09-24T06:38:15","slug":"grand-lilly-motels-ltd-v-acit-2020-203-ttj-30-uo-amritsar-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/grand-lilly-motels-ltd-v-acit-2020-203-ttj-30-uo-amritsar-trib-2\/","title":{"rendered":"Grand Lilly Motels Ltd. v. ACIT (2020) 203 TTJ 30 (UO) (Amritsar) (Trib.)"},"content":{"rendered":"<p>It was held that the profit embedded in the amount of estimated sales would be subjected to tax after taking into account the expenditures incurred to effect such sales. Therefore, appeal of the assessee was allowed and was send back to the AO for assessment. (AY. 2010-11, 2011-12, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3) : Assessment-Estimate of  sales-Only profit element can be considered as income-Matter remanded. <\/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-21779","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Fh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21779","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=21779"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21779\/revisions"}],"predecessor-version":[{"id":21780,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21779\/revisions\/21780"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=21779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=21779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}