{"id":36800,"date":"2023-09-05T13:22:49","date_gmt":"2023-09-05T07:52:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/inditex-trent-retail-india-pvt-ltd-v-add-cit-202295-itr-102-delhitrib\/"},"modified":"2023-09-05T13:22:49","modified_gmt":"2023-09-05T07:52:49","slug":"inditex-trent-retail-india-pvt-ltd-v-add-cit-202295-itr-102-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/inditex-trent-retail-india-pvt-ltd-v-add-cit-202295-itr-102-delhitrib\/","title":{"rendered":"Inditex Trent Retail India Pvt. Ltd. v. Add. CIT (2022)95 ITR 102 (Delhi)(Trib)"},"content":{"rendered":"<p>Held that liability to pay octroi expenses pertaining to financial years 2011-12 and 2012-13,crystallizing during year paid before filing of return. Allowable as deduction.\u00a0 Amortization of only part payment in profit and loss account.\u00a0 Addition made after reducing part payment accounted for is\u00a0 proper.Sales return policy accounted based on sound accounting principles. Deletion of\u00a0 addition by Commissioner (Appeals) is\u00a0 proper.\u00a0 <em>(<\/em>AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Accrual of Liability-Octroi expenses-Accrual of income-Incentives-Amortization of  only part payment in profit and loss account-Addition made after reducing part payment accounted for by assessee-Proper-Sales return policy accounted based on sound accounting principles. Deletion of  addition by Commissioner (Appeals) is  proper.  <\/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-36800","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9zy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36800","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=36800"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36800\/revisions"}],"predecessor-version":[{"id":36801,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36800\/revisions\/36801"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}