{"id":3912,"date":"2019-02-09T15:49:58","date_gmt":"2019-02-09T15:49:58","guid":{"rendered":"http:\/\/itatonline.org\/digest\/rasna-p-ltd-v-dcit-2018-63-itr-28-snahd-trib\/"},"modified":"2019-02-09T15:49:58","modified_gmt":"2019-02-09T15:49:58","slug":"rasna-p-ltd-v-dcit-2018-63-itr-28-snahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rasna-p-ltd-v-dcit-2018-63-itr-28-snahd-trib\/","title":{"rendered":"Rasna P. Ltd.  v. DCIT (2018) 63 ITR  28  (SN)(Ahd) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the\u00a0 Tribunal held that a loss is brought to the books at the point of time when it can be reasonably foreseen. This approach underlies the accountancy principle of conservatism which was duly recognised by the Supreme Court in the case of\u00a0Chainrup sampatram v. CIT( 1953) 24 ITR 481 (SC)\u00a0.( AY.2008-09, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i): Business loss \u2014  Litigation and bona fide dispute about goods at Bangladesh border &#8211; Foreseeable Loss  \u2014 Held to be allowable .  [ S.37(1), 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-3912","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-116","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3912","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=3912"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3912\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}