{"id":43286,"date":"2024-06-07T20:01:35","date_gmt":"2024-06-07T14:31:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bengal-peerless-housing-development-company-ltd-v-dcit-2023-199-itd-679-kol-trib-2\/"},"modified":"2024-06-07T20:01:35","modified_gmt":"2024-06-07T14:31:35","slug":"bengal-peerless-housing-development-company-ltd-v-dcit-2023-199-itd-679-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bengal-peerless-housing-development-company-ltd-v-dcit-2023-199-itd-679-kol-trib-2\/","title":{"rendered":"Bengal Peerless Housing Development Company Ltd. v. DCIT (2023) 199 ITD 679 (Kol) (Trib.)"},"content":{"rendered":"<p>During assessment, Assessing Officer made adjustment resulting in upward adjustment in book profits. Tribunal held that\u00a0\u00a0 upward adjustment was with respect to amount which represented amount withdrawn from reserve\/provision which stood credited in profit and loss account for year and was reduced while computing book profit since it had already been offered to tax in earlier years, adjustment was to be deleted. (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB : Company-Book profit-Upward adjustment-Amount withdrawn from reserve\/provision which stood credited in profit and loss account for year and was reduced while computing book profit-Adjustment is deleted. [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-43286","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bga","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43286","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=43286"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43286\/revisions"}],"predecessor-version":[{"id":43287,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43286\/revisions\/43287"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}