{"id":26033,"date":"2022-03-27T11:19:12","date_gmt":"2022-03-27T05:49:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/b-r-agrotech-ltd-v-acit-2021-90-itr-77-sn-delhitrib\/"},"modified":"2022-03-27T11:19:12","modified_gmt":"2022-03-27T05:49:12","slug":"b-r-agrotech-ltd-v-acit-2021-90-itr-77-sn-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/b-r-agrotech-ltd-v-acit-2021-90-itr-77-sn-delhitrib\/","title":{"rendered":"B. R. Agrotech Ltd. v. ACIT (2021) 90 ITR 77 (SN) (Delhi)(Trib.)"},"content":{"rendered":"<p>Held that not considering the subsequent interpretation of law through the judgment of the Supreme Court or the jurisdictional High Court would constitute a mistake apparent from record.\u00a0 The excise duty refund received by the assessee was to be treated as capital receipt.Capital subsidy was liable to be excluded in computing the book profits under section\u00a0115JB\u00a0of the Act. (AY.\u00a0 2011-12 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 154 : Rectification of mistake-Excise duty refund Capital receipt-Capital subsidy liable to be excluded-Failure to consider  subsequent judgement Supreme Court or  Jurisdictional High Court-Mistake apparent from record. [S. 4, 115JB]    <\/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-26033","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6LT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26033","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=26033"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26033\/revisions"}],"predecessor-version":[{"id":26034,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26033\/revisions\/26034"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}