{"id":3295,"date":"2018-12-18T06:53:56","date_gmt":"2018-12-18T06:53:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-india-power-corporation-ltd-2018-63-itr-42-sn-kol-trib\/"},"modified":"2018-12-18T06:53:56","modified_gmt":"2018-12-18T06:53:56","slug":"acit-v-india-power-corporation-ltd-2018-63-itr-42-sn-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-india-power-corporation-ltd-2018-63-itr-42-sn-kol-trib\/","title":{"rendered":"ACIT v. India Power Corporation Ltd (2018) 63 ITR 42 (SN) (Kol.)(Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that ;provisions for computing book profits is\u00a0 not applicable to Assessee company, engaged in the business of generation and distribution of electricity, who is required to prepare its books of account under the State Legislation and not as per the provisions of relevant Companies Act, 1956. (AY. 2009-10\u00a0 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.115JB : Book profits-Provisions for computing book profits<br \/>\nis  not applicable to Assessee company, engaged in the business of generation and distribution of electricity, who is required to prepare its books of account under the State Legislation and not as per the provisions of relevant Companies Act, 1956.<\/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-3295","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-R9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3295","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=3295"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3295\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}