{"id":28472,"date":"2022-07-18T17:05:18","date_gmt":"2022-07-18T11:35:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/essel-mining-and-industries-ltd-v-pcit-2022-444-itr-576-209-dtr-180-324-ctr-124-calhc\/"},"modified":"2022-07-18T17:05:18","modified_gmt":"2022-07-18T11:35:18","slug":"essel-mining-and-industries-ltd-v-pcit-2022-444-itr-576-209-dtr-180-324-ctr-124-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/essel-mining-and-industries-ltd-v-pcit-2022-444-itr-576-209-dtr-180-324-ctr-124-calhc\/","title":{"rendered":"Essel Mining and Industries Ltd. v. PCIT (2022) 444 ITR 576 \/ 209 DTR 180\/ 324 CTR 124 (Cal)(HC)"},"content":{"rendered":"<p>The assessee received compensation from Suzlon Energy Ltd on account of failure of performance guarantee parameters of capital assets\u00a0 namely wind turbine generators. The Assessing Officer\u00a0 assessed the said receipt as revenue receipt. The Tribunal affirmed the order of the Assessing Officer. On appeal\u00a0 allowing the appeal of the assessee\u00a0 the Court remanded \u00a0the matter to the Tribunal for a fresh consideration to consider the legal issue which was decided by the Supreme Court in\u00a0CIT v. Saurashtra Cement Ltd (2010) 325 ITR 422 (SC). (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Capital or revenue-Compensation received on account of  failure of  performance guarantee-Matter remanded to Tribunal. [S. 254(1)] <\/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-28472","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7pe","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28472","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=28472"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28472\/revisions"}],"predecessor-version":[{"id":28473,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28472\/revisions\/28473"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}