{"id":47992,"date":"2024-11-19T11:42:46","date_gmt":"2024-11-19T06:12:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-2\/"},"modified":"2025-03-24T06:30:52","modified_gmt":"2025-03-24T01:00:52","slug":"piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/piramal-enterprises-ltd-v-dcit-2024-205-itd-636-mum-trib-2\/","title":{"rendered":"Piramal Enterprises Ltd. v. DCIT (2024) 205 ITD 636 \/ 116 ITR 261(Mum.)(Trib.)"},"content":{"rendered":"<p>Held that\u00a0 payment made premature payment of deferred sales tax at present value of certain amount against total liability and credited balance amount to its capital reserve account, said credited amount is\u00a0 a capital receipt not a revenue receipt. \u00a0(AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Capital or revenue-Premature payment of deferred sales tax at present value of certain amount against total liability and credited balance amount to its capital reserve account-Amount  credited amount is  a capital receipt. [S. 28(i) <\/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-47992","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cu4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47992","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=47992"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47992\/revisions"}],"predecessor-version":[{"id":52190,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47992\/revisions\/52190"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}