{"id":24442,"date":"2022-01-29T12:36:28","date_gmt":"2022-01-29T07:06:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dolphin-drilling-ltd-v-dcit-it-2021-191-itd-181-204-dtr-209-212-ttj-662-dehraduntrib\/"},"modified":"2022-01-29T12:36:28","modified_gmt":"2022-01-29T07:06:28","slug":"dolphin-drilling-ltd-v-dcit-it-2021-191-itd-181-204-dtr-209-212-ttj-662-dehraduntrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dolphin-drilling-ltd-v-dcit-it-2021-191-itd-181-204-dtr-209-212-ttj-662-dehraduntrib\/","title":{"rendered":"Dolphin Drilling Ltd. v. DCIT (IT) (2021) 191 ITD 181 \/ 204 DTR 209 \/ 212 TTJ 662 (Dehradun)(Trib.)"},"content":{"rendered":"<p>Held that where the assessee has offered the income by applying the provision of section 44BB of the Act than once again the remission of liability cannot be taxed u\/s 41 (1) of the Act. However\u00a0 if remission of income tax liability pertained to earlier years for which assessee was claiming set-off of losses by offering its income based on its regular accounts, it would be chargeable to tax in instant year under section 41(1).Matter remanded. \u00a0(AY. 2011-12, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Presumptive taxation-Remission of income tax liability of employees borne by assessee pertaining  to earlier years-Not chargeable to tax-Claimed deduction and allowed-The income would be chargeable to tax-Matter remanded. [S.44BB(2)]<\/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-24442","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6me","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24442","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=24442"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24442\/revisions"}],"predecessor-version":[{"id":24443,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24442\/revisions\/24443"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}