{"id":35805,"date":"2023-08-27T18:22:59","date_gmt":"2023-08-27T12:52:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-kanoria-chemicals-industries-ltd-2022-215-ttj-1003-koltrib-3\/"},"modified":"2023-08-27T18:22:59","modified_gmt":"2023-08-27T12:52:59","slug":"dy-cit-v-kanoria-chemicals-industries-ltd-2022-215-ttj-1003-koltrib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-kanoria-chemicals-industries-ltd-2022-215-ttj-1003-koltrib-3\/","title":{"rendered":"Dy. CIT v. Kanoria Chemicals &#038; Industries Ltd. (2022) 215 TTJ 1003 (Kol)(Trib)"},"content":{"rendered":"<p>Held that as\u00a0 the Assessee having already transferred one of its units by way of sump sale, the assets liabilities stood transferred to the purchaser and, therefore. bad debts relating to the said unit written off during the relevant year cannot be allowed as deduction on the basis that the debtors were part of the assessee&#8217;s residual assets.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) :Bad debt-Unit sold as slump sale-Past advances written off relating to  sold unit-Not allowable as deduction. <\/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-35805","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9jv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35805","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=35805"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35805\/revisions"}],"predecessor-version":[{"id":35806,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35805\/revisions\/35806"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}