{"id":30482,"date":"2022-10-25T11:23:07","date_gmt":"2022-10-25T05:53:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/frick-india-ltd-v-dcit-2022-216-ttj-146-delhitrib-2\/"},"modified":"2022-10-25T11:23:07","modified_gmt":"2022-10-25T05:53:07","slug":"frick-india-ltd-v-dcit-2022-216-ttj-146-delhitrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/frick-india-ltd-v-dcit-2022-216-ttj-146-delhitrib-2\/","title":{"rendered":"Frick India Ltd. v. DCIT (2022) 216 TTJ 146 (Delhi)(Trib.)"},"content":{"rendered":"<p>Assessee company received refund of excise duty in pursuance of Supreme Court\u00a0 order, subject to condition that assessee should furnish bank guarantee till the main appeals before the apex court are finally disposed of.\u00a0 On Appeal the Tribunal held that the condition of furnishing a bank guarantee will not make any difference and refund of excised duty is liable to tax during the year under consideration. \u00a0(AY.2004-05 &amp; 2005-2006)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Refund of Excise duty, subject to condition  is liable to tax during the year of receipt.<\/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-30482","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7VE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30482","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=30482"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30482\/revisions"}],"predecessor-version":[{"id":30483,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30482\/revisions\/30483"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}