{"id":2636,"date":"2018-10-22T06:33:45","date_gmt":"2018-10-22T06:33:45","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-shriram-chits-investments-p-ltd-2018-257-taxman-395-mad-hc-2\/"},"modified":"2019-01-28T09:37:37","modified_gmt":"2019-01-28T09:37:37","slug":"cit-v-shriram-chits-investments-p-ltd-2018-257-taxman-395-mad-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-shriram-chits-investments-p-ltd-2018-257-taxman-395-mad-hc-2\/","title":{"rendered":"CIT v. Shriram Chits &#038; Investments (P.) Ltd. (2018) 257 Taxman 395  \/( 2019) 410 ITR 10(Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; in view of decision in case of Sriram Chits &amp; Investments (P.) Ltd. v. UOI\u00a0 AIR 1993 SC 2063,\/(1994) 79 Comp Was 298 (SC) where prize chit winner defaulted in his payments of instalments, same was to be allowed as bad debt. (AY. 1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt &#8211; Failure of subscribers of chit fund to make payment of their instalments is allowable as  bad debt.<\/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-2636","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Gw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2636","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=2636"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2636\/revisions"}],"predecessor-version":[{"id":3773,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2636\/revisions\/3773"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}