{"id":39328,"date":"2024-02-21T11:47:59","date_gmt":"2024-02-21T06:17:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-national-agricultural-cooperative-marketing-federation-of-india-ltd-2023-459-itr-593-295-taxman-122-sc-editorial-national-agricultural-cooperative-marketing-federation-of-india-ltd-v-ci\/"},"modified":"2024-02-21T11:47:59","modified_gmt":"2024-02-21T06:17:59","slug":"cit-v-national-agricultural-cooperative-marketing-federation-of-india-ltd-2023-459-itr-593-295-taxman-122-sc-editorial-national-agricultural-cooperative-marketing-federation-of-india-ltd-v-ci","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-national-agricultural-cooperative-marketing-federation-of-india-ltd-2023-459-itr-593-295-taxman-122-sc-editorial-national-agricultural-cooperative-marketing-federation-of-india-ltd-v-ci\/","title":{"rendered":"CIT v. National Agricultural Cooperative Marketing Federation of India Ltd. (2023) 459 ITR 593 \/ 295 Taxman 122 (SC) Editorial: National Agricultural Cooperative Marketing Federation of India Ltd v.CIT (2017) 393 ITR 666\/ 247 Taxman 338 (Delhi)(HC)"},"content":{"rendered":"<p>High Court\u00a0 held that since award had been made rule of Court by a Single Judge of High Court, mere fact that said judgement and decree was stayed by a Division Bench would not relieve assessee of its obligation to pay interest in terms thereof.\u00a0 Such liability commenced in previous year in which said judgment and decree was passed by Single Judge and, consequently, assessee incurred liability to pay interest\u00a0 and was entitled to deduction under section\u00a0 SLP is\u00a0 dismissed. (AY. 2001-02,\u00a0 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Method of accounting-Award-Interest payable-Award stayed-Not contingent-Order of High Court is affirmed-SLP of Revenue is dismissed. [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":[21],"tags":[],"class_list":["post-39328","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aek","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39328","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=39328"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39328\/revisions"}],"predecessor-version":[{"id":39329,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39328\/revisions\/39329"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}