{"id":2982,"date":"2018-11-27T13:11:38","date_gmt":"2018-11-27T13:11:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/micro-inks-limited-v-cit-2018-407-itr-681-guj-hc\/"},"modified":"2018-11-27T13:11:38","modified_gmt":"2018-11-27T13:11:38","slug":"micro-inks-limited-v-cit-2018-407-itr-681-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/micro-inks-limited-v-cit-2018-407-itr-681-guj-hc\/","title":{"rendered":"Micro Inks Limited  v. CIT (2018) 407 ITR 681 (Guj) (HC)"},"content":{"rendered":"<p>The Commissioner of Income tax issued a notice of revision on the ground that the deduction\u00a0 of interest allowed by the Assessing Officer is held to be not \u00a0allowable. On a writ petition to quash the notice, the Court held that, \u00a0the view adopted by the Assessing Officer was after proper scrutiny of relevant facts and clearly a plausible view and therefore, not open to revision at the hands of the Commissioner. ( AY.2009 -10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue -Allowability of interest -Assessing officer taking plausible view after proper enquiry \u2014 Order  is not erroneous and cannot be revised. [ S.57(iii)]<\/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-2982","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-M6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2982","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=2982"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2982\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}