{"id":3113,"date":"2018-12-08T06:34:06","date_gmt":"2018-12-08T06:34:06","guid":{"rendered":"http:\/\/itatonline.org\/digest\/travancore-sugars-chemicals-ltd-v-addl-cit-2018-258-taxman-273-ker-hc\/"},"modified":"2018-12-08T06:34:06","modified_gmt":"2018-12-08T06:34:06","slug":"travancore-sugars-chemicals-ltd-v-addl-cit-2018-258-taxman-273-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/travancore-sugars-chemicals-ltd-v-addl-cit-2018-258-taxman-273-ker-hc\/","title":{"rendered":"Travancore Sugars &#038; Chemicals Ltd. v. Addl. CIT (2018) 258 Taxman 273 (Ker.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that ; Sale proceeds were deposited in a &#8216;No Lien&#8217; account with bank as per direction of BIFR . Assessee could not remit tax within time as amount received from sale proceeds were lying with bank . Accordingly the rejection application for waiver of interest\u00a0 is held to be not justified\u00a0 when the\u00a0 interest under section 220(2) was waived by Chief Commissioner. Matter is remanded and directed the the Commissioner to pass the order on merits. ( AY.2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 234B : Interest &#8211; Advance tax \u2013 Sale proceeds were deposited in a &#8216;No Lien&#8217; account with bank as per direction of BIFR &#8211; Assessee could not remit tax within time as amount received from sale proceeds were lying with bank \u2013Rejection application for waiver of interest I held to be not justified- Directed the Commissioner to pass the order on merits. [ S.220(2)]<\/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-3113","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Od","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3113","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=3113"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3113\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}