{"id":22793,"date":"2021-11-24T11:44:34","date_gmt":"2021-11-24T06:14:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cuttack-central-co-operative-bank-ltd-v-pcit-2021-188-itd-109-cuttacktrib\/"},"modified":"2021-11-24T11:44:34","modified_gmt":"2021-11-24T06:14:34","slug":"cuttack-central-co-operative-bank-ltd-v-pcit-2021-188-itd-109-cuttacktrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cuttack-central-co-operative-bank-ltd-v-pcit-2021-188-itd-109-cuttacktrib\/","title":{"rendered":"Cuttack Central Co-operative Bank Ltd. v. PCIT (2021) 188 ITD 109 (Cuttack)(Trib.)"},"content":{"rendered":"<p>Tribunal held that as per proviso to section 36(1)(viia) amount of loss on OTS would be first set-off against credit balance available in balance sheet. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-One time settlement (OTS) scheme-Provision for bad and doubtful debt was higher than amount of such bad debt claimed by it-First set off against such credit balance in balance. <\/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-22793","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5VD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22793","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=22793"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22793\/revisions"}],"predecessor-version":[{"id":22794,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22793\/revisions\/22794"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}