{"id":2512,"date":"2018-10-17T02:13:57","date_gmt":"2018-10-17T02:13:57","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-maruti-udyog-ltd-2018-407-itr-159-delhi-hc-4\/"},"modified":"2019-07-14T08:29:02","modified_gmt":"2019-07-14T08:29:02","slug":"cit-v-maruti-udyog-ltd-2018-407-itr-159-delhi-hc-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-maruti-udyog-ltd-2018-407-itr-159-delhi-hc-4\/","title":{"rendered":"CIT  v. Maruti Udyog Ltd. (2018) 407 ITR 159 \/( 2019) 308 CTR 682(Delhi) (HC)"},"content":{"rendered":"<p>Court held that (i) that the Tribunal was not right in holding that the unutilised Modvat credit amounts of earlier years adjusted in the assessment year 1999-2000, could be treated as actual payment of excise duty under section\u00a043B\u00a0.(ii) That the sales tax paid on raw material in the preceding assessment year was rightly allowed as a deduction in the current assessment year under section\u00a043B\u00a0.(iii) That the customs duty paid on imports, claimed as a deduction under section\u00a043B\u00a0, was directly paid by the assessee to the customs authorities during the assessment year in question. The Tribunal had rightly allowed the deduction.( ITA No .250 of 2005 dt. 7-07-2017 ( AY.1999-2000)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43B : Certain deductions  on actual payment -Excise duty  \u2014 Unutilised modvat credit of earlier years, which is adjusted in current Assessment Year, cannot be treated as actual payment. Customs duty  and  sales tax of earlier years is allowable  as deductions.[ S.145A ]<\/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-2512","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Ew","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2512","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=2512"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2512\/revisions"}],"predecessor-version":[{"id":6120,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2512\/revisions\/6120"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}