{"id":2179,"date":"2018-08-26T13:21:00","date_gmt":"2018-08-26T13:21:00","guid":{"rendered":"http:\/\/itatonline.org\/digest\/sahara-india-ltd-v-acit-2018-168-itd-1-164-dtr-49-192-ttj-655-tm-luck-trib\/"},"modified":"2018-08-26T13:21:00","modified_gmt":"2018-08-26T13:21:00","slug":"sahara-india-ltd-v-acit-2018-168-itd-1-164-dtr-49-192-ttj-655-tm-luck-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sahara-india-ltd-v-acit-2018-168-itd-1-164-dtr-49-192-ttj-655-tm-luck-trib\/","title":{"rendered":"Sahara India Ltd. v. ACIT (2018) 168 ITD 1\/ 164 DTR 49 \/ 192 TTJ 655 (TM)  (Luck.) (Trib.)"},"content":{"rendered":"<p>Where the assessee neither offered its income on accrual basis nor claimed deduction of the entire amount of expenses on due basis, it cannot be said that it followed mercantile system of accounting in true sense and therefore, the books were rightly rejected under proviso to S. 145(1) (AY. 1987-88 to 1992-93)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting \u2013 Assessee followed mercantile system of accounting \u2013 Certain percentage of expenses were debited in the year and the balance was deferred \u2013 Also, certain percentage of income was booked in the year and balance was deferred for a period of 12 years \u2013 Held, the accounts were liable to be rejected.<\/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":[1],"tags":[],"class_list":["post-2179","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-z9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2179","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=2179"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2179\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}