{"id":2369,"date":"2018-09-14T12:05:40","date_gmt":"2018-09-14T12:05:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-babul-products-p-ltd-2018-257-taxman-100-guj-hc-editorial-order-in-babul-products-p-ltd-v-acit-2017-167-itd-402-ahd-trib-is-affirmed-2\/"},"modified":"2018-09-14T12:05:40","modified_gmt":"2018-09-14T12:05:40","slug":"pcit-v-babul-products-p-ltd-2018-257-taxman-100-guj-hc-editorial-order-in-babul-products-p-ltd-v-acit-2017-167-itd-402-ahd-trib-is-affirmed-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-babul-products-p-ltd-2018-257-taxman-100-guj-hc-editorial-order-in-babul-products-p-ltd-v-acit-2017-167-itd-402-ahd-trib-is-affirmed-2\/","title":{"rendered":"PCIT  v. Babul Products (P.) Ltd. (2018) 257 Taxman 100 (Guj.)(HC) Editorial :Order in  Babul Products (P.) Ltd v. ACIT ( 2017) 167 ITD 402 ( Ahd) (Trib) is affirmed ."},"content":{"rendered":"<p>Court held that\u00a0 as the assessee had not written of liability in books of account with respect to debtors and had carried forward and continued same liability addition cannot be made as cessation of liability ( AY.2009 10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax &#8211; Remission or cessation of trading liability -Liability is not written of in books of account \u2013 Addition cannot be made as cessation of liability .<\/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-2369","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Cd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2369","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=2369"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}