{"id":2208,"date":"2018-08-28T09:48:02","date_gmt":"2018-08-28T09:48:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-sarangpur-co-operative-bank-ltd-2018-406-itr-302-guj-hc-editorial-slp-is-granted-to-revenue-pcit-v-sarangpur-co-operative-bank-ltd-2018-401-itr-164-st\/"},"modified":"2018-08-28T09:48:02","modified_gmt":"2018-08-28T09:48:02","slug":"pcit-v-sarangpur-co-operative-bank-ltd-2018-406-itr-302-guj-hc-editorial-slp-is-granted-to-revenue-pcit-v-sarangpur-co-operative-bank-ltd-2018-401-itr-164-st","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-sarangpur-co-operative-bank-ltd-2018-406-itr-302-guj-hc-editorial-slp-is-granted-to-revenue-pcit-v-sarangpur-co-operative-bank-ltd-2018-401-itr-164-st\/","title":{"rendered":"PCIT  v. Sarangpur Co-Operative Bank Ltd. (2018) 406 ITR 302 (Guj) (HC) Editorial: SLP is granted to revenue , PCIT  v. Sarangpur Co-Operative Bank Ltd. (2018) 401 ITR 164 ( St)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, interest on non-performing assets cannot be\u00a0recognised on accrual basis.\u00a0Assessee\u00a0 is bound\u00a0 by\u00a0Reserve Bank\u00a0 of\u00a0 India guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43D : Public financial institutions &#8211; Mercantile system of accounting \u2014 Co-Operative Bank \u2014 Interest on non-performing assets cannot be  recognised on accrual basis \u2014 Assessee bound by Reserve Bank of India guidelines.[ S.145]<\/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-2208","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-zC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2208","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=2208"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2208\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}