{"id":27874,"date":"2022-06-26T22:54:42","date_gmt":"2022-06-26T17:24:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bank-of-india-v-jcit-2021-210-ttj-626-mum-trib\/"},"modified":"2022-06-26T22:54:42","modified_gmt":"2022-06-26T17:24:42","slug":"bank-of-india-v-jcit-2021-210-ttj-626-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bank-of-india-v-jcit-2021-210-ttj-626-mum-trib\/","title":{"rendered":"Bank of India v JCIT (2021) 210 TTJ 626 (Mum.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that CIT(A) has taken the view\u00a0\u00a0 that S. 115JB is not applicable\u00a0 to assessee\u00a0 hence revision is not valid. As regards deduction of bad debts\u00a0 the\u00a0 Order was passed by the Assessing officer after considering detailed submissions hence\u00a0 revision is not valid. On the adjustment of transfer pricing the assessment\u00a0 was made without reference to TPO hence the\u00a0 revision order is valid.\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Merger-Nationalised bank-CIT(A) has held that S. 115JB is not applicable  to assessee-Revision is not valid-Deduction of bad debts-Order was passed after considering detailed submissions-Revision is not valid-Assessment made without reference to TPO-Revision order is valid. [S. 36(1)(vii), 36(1)(viia), 92CA, 115JB, 144C]  <\/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-27874","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7fA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27874","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=27874"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27874\/revisions"}],"predecessor-version":[{"id":27875,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27874\/revisions\/27875"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}