{"id":3585,"date":"2019-01-06T11:11:56","date_gmt":"2019-01-06T11:11:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-kutch-district-co-op-bank-ltd-2018-94-taxmann-com-298-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-jamnagar-district-co-operative-bank-ltd-2018-256-taxman-212-sc\/"},"modified":"2019-01-06T11:11:56","modified_gmt":"2019-01-06T11:11:56","slug":"pcit-v-kutch-district-co-op-bank-ltd-2018-94-taxmann-com-298-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-jamnagar-district-co-operative-bank-ltd-2018-256-taxman-212-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-kutch-district-co-op-bank-ltd-2018-94-taxmann-com-298-guj-hc-editorial-slp-of-revenue-is-dismissed-cit-v-jamnagar-district-co-operative-bank-ltd-2018-256-taxman-212-sc\/","title":{"rendered":"PCIT v. Kutch District Co -op Bank Ltd ( 2018) 94 taxmann.com 298 ( Guj) (HC) Editorial: SLP of revenue is dismissed ,CIT v.Jamnagar District Co -Operative Bank Ltd ( 2018) 256 Taxman 212 ( SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ,though the assessee is following mercantile system of accounting , the interest on non performing assets is not taxable on accrual basis condidering the guidelines of Reserve Bank of India .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 5 : Scope of total income -Accrual- Mercantile system of  accounting -Not liable to be taxed on notional interest on non-performing assets considering the guidelines of Reserve Bank of India  [ S. 145 ]<\/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-3585","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-VP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3585","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=3585"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3585\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}