{"id":4349,"date":"2019-03-12T10:34:40","date_gmt":"2019-03-12T10:34:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/housing-urban-development-corporation-ltd-v-acit-2019-174-itd-785-delhitrib\/"},"modified":"2019-03-12T10:34:40","modified_gmt":"2019-03-12T10:34:40","slug":"housing-urban-development-corporation-ltd-v-acit-2019-174-itd-785-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/housing-urban-development-corporation-ltd-v-acit-2019-174-itd-785-delhitrib\/","title":{"rendered":"Housing &#038; Urban Development Corporation Ltd. v. ACIT  (2019)  174 ITD 785   (Delhi)(Trib.)"},"content":{"rendered":"<p>The Tribunal held that the assessee is not permitted to follow cash system of accounting for some of items while following mercantile system of accounting for rest of items in computation of income chargeable under head profits and gains of business or profession or income from other sources as mixed system of accounting has lost statutory mandate with effect from assessment year 1989-90 in view of amendment to S. 145.\u00a0 Statutory provisions under Act would prevail over any observation\/objection\/remark of audit party of CAG.(AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting\u2013Mercantile system-Mixed system of accounting-Asseseee cannot follow cash system selectively  for certain receipts-Statutory provisions under Act would prevail over any observation\/objection\/remark of audit party of CAG.<\/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-4349","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-189","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4349","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=4349"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4349\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}