{"id":3184,"date":"2018-12-10T11:55:51","date_gmt":"2018-12-10T11:55:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/l-r-n-finance-ltd-v-acit-2018-255-taxman-262-mad-hc\/"},"modified":"2018-12-10T11:55:51","modified_gmt":"2018-12-10T11:55:51","slug":"l-r-n-finance-ltd-v-acit-2018-255-taxman-262-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/l-r-n-finance-ltd-v-acit-2018-255-taxman-262-mad-hc\/","title":{"rendered":"L.R.N. Finance Ltd. v. ACIT (2018) 255 Taxman 262 (Mad.)(HC)"},"content":{"rendered":"<p>The High Court relying on Supreme Court\u2019s decisions in case of State Bank of Patiala v. CIT (1996) 219 ITR 706 ( SC)and CIT v. HCL Comnet Systems &amp; Services Ltd. ( 2008) 305 ITR 409 (SC) held that while computing book profits provision for unascertained liability only could be disallowed by invoking Section 115JA(1)(c) of the Act. (AY. 2000-2001)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JA : Book profit &#8211; Adjustment of provision for bad and doubtful debts [under Clause (c) of S. 115JA(1)] is permitted only when such provision is made for an unascertained liability.<\/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-3184","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Pm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3184","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=3184"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3184\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}