{"id":45966,"date":"2024-09-08T18:07:36","date_gmt":"2024-09-08T12:37:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-gurdaspur-co-operative-sugar-mills-ltd-2024461-itr-208-297-taxman-384-sc-editorial-cit-v-gurdaspur-co-operative-sugar-mills-ltd-2013-354-itr-27-216-taxman-186-mag-phhc\/"},"modified":"2024-09-08T18:07:36","modified_gmt":"2024-09-08T12:37:36","slug":"cit-v-gurdaspur-co-operative-sugar-mills-ltd-2024461-itr-208-297-taxman-384-sc-editorial-cit-v-gurdaspur-co-operative-sugar-mills-ltd-2013-354-itr-27-216-taxman-186-mag-phhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-gurdaspur-co-operative-sugar-mills-ltd-2024461-itr-208-297-taxman-384-sc-editorial-cit-v-gurdaspur-co-operative-sugar-mills-ltd-2013-354-itr-27-216-taxman-186-mag-phhc\/","title":{"rendered":"CIT v. Gurdaspur Co-Operative Sugar Mills Ltd. (2024)461 ITR 208 \/297 Taxman 384 (SC) Editorial: CIT v. Gurdaspur Co-operative Sugar Mills Ltd (2013) 354 ITR 27 \/ 216 Taxman 186 (Mag.) (P&#038;H)(HC)"},"content":{"rendered":"<p>On appeal High Court held that there was no dispute about the quantum of receipt of grant-in-aid from the State Government, that the assessee had reflected the receipt as a capital receipt, whereas it had been treated as a revenue receipt, that whether the grant-in-aid was a capital or a revenue receipt was a debatable issue, that there was no furnishing of inaccurate particulars, and that therefore, penalty could not be imposed. SLP of Revenue is dismissed.(AY.2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Furnishing inaccurate particulars of  income- Subsidy-Capital or revenue-Debatable issue-Order of High Court deleting the penalty is affirmed-SLP of Revenue is dismissed. [Art. 136] <\/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-45966","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bXo","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45966","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=45966"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45966\/revisions"}],"predecessor-version":[{"id":45967,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45966\/revisions\/45967"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}