{"id":4692,"date":"2019-04-04T07:09:47","date_gmt":"2019-04-04T07:09:47","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-modipon-ltd-2018-100-taxmann-com-57-259-taxman-426-delhihc-editorial-slp-of-revenue-is-dismissed-pcit-v-modipon-ltd-2018-259-taxman-425-sc\/"},"modified":"2019-04-04T07:09:47","modified_gmt":"2019-04-04T07:09:47","slug":"pcit-v-modipon-ltd-2018-100-taxmann-com-57-259-taxman-426-delhihc-editorial-slp-of-revenue-is-dismissed-pcit-v-modipon-ltd-2018-259-taxman-425-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-modipon-ltd-2018-100-taxmann-com-57-259-taxman-426-delhihc-editorial-slp-of-revenue-is-dismissed-pcit-v-modipon-ltd-2018-259-taxman-425-sc\/","title":{"rendered":"PCIT v. Modipon Ltd.  (2018) 100 taxmann.com 57\/ 259 Taxman 426 (Delhi)(HC)    Editorial : SLP of revenue is dismissed, PCIT v. Modipon Ltd. (2018) 259 Taxman 425 (SC)"},"content":{"rendered":"<p>AO\u00a0 held that \u00a0payment could have been deducted only to extent of 20 per cent under section 35DDA. \u00a0Tribunal held that a view that two views were possible i.e., whether amount paid was allowable as deduction under section 37(1) or deduction was to be allowed under section 35DDA . Accordingly the \u00a0Tribunal set aside penalty order holding that it was not a case of furnishing inaccurate particulars of income or concealment of income. High Court up held the view of the Tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty\u2013Concealment-Claimed deduction in respect of payments made to employees under VRS Scheme\u2013Levy of penalty is held to be not justified.[S. 35DDA, 37(1)]<\/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-4692","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1dG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4692","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=4692"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4692\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}