{"id":3508,"date":"2018-12-30T08:44:10","date_gmt":"2018-12-30T08:44:10","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-pragathi-gramina-bank-2018-91-taxmann-com-343-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-pragathi-gramina-bank-2018-259-taxman-219-sc\/"},"modified":"2018-12-30T08:44:10","modified_gmt":"2018-12-30T08:44:10","slug":"cit-v-pragathi-gramina-bank-2018-91-taxmann-com-343-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-pragathi-gramina-bank-2018-259-taxman-219-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-pragathi-gramina-bank-2018-91-taxmann-com-343-karn-hc-editorial-slp-of-revenue-is-dismissed-cit-v-pragathi-gramina-bank-2018-259-taxman-219-sc\/","title":{"rendered":"CIT v. Pragathi Gramina Bank ( 2018) 91 taxmann.com 343 ( Karn) (HC) Editorial: SLP of revenue is dismissed , CIT v. Pragathi Gramina Bank ( 2018) 259 Taxman 219 ( SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , burden is revenue to prove that excess provision for bad and doubtful debt written back in profit and loss account was allowed as deduction in previous years . Accordingly the -deletion of addition is held to be justified .( AY.2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax &#8211; Remission or cessation of trading liability \u2013 Provision for doubtful debt- Burden is revenue to prove that excess provision for bad and doubtful debt written back in profit and loss account was allowed as deduction in previous years -Deletion of addition is held to be justified [ S. 36(1)(viia) ]<\/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-3508","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-UA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3508","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=3508"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3508\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}