{"id":51648,"date":"2025-03-04T10:49:10","date_gmt":"2025-03-04T05:19:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-standard-chartered-bank-2024469-itr-408-sc-editorial-cit-v-standard-chartered-bank-itr-no-87-of-1996-dt-16-7-2003-kerhc\/"},"modified":"2025-03-04T10:49:10","modified_gmt":"2025-03-04T05:19:10","slug":"cit-v-standard-chartered-bank-2024469-itr-408-sc-editorial-cit-v-standard-chartered-bank-itr-no-87-of-1996-dt-16-7-2003-kerhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-standard-chartered-bank-2024469-itr-408-sc-editorial-cit-v-standard-chartered-bank-itr-no-87-of-1996-dt-16-7-2003-kerhc\/","title":{"rendered":"CIT v. Standard Chartered Bank (2024)469 ITR 408 (SC) Editorial : CIT v. Standard Chartered Bank, ITR No. 87 of 1996 dt 16-7-2003 (Ker)(HC)"},"content":{"rendered":"<p>Held that the interest on bad and doubtful debt was not taxable in view of the Central Board of Direct Taxes circular dated October 9, 1984.Followed UCO Bank v. CIT (1999) 237 ITR 889 (SC) (AY.1985-86, 1986-87)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Accrual-Banks-Interest on bad and doubtful debts is not taxable.[S. 5, 119, 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-51648","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dr2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51648","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=51648"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51648\/revisions"}],"predecessor-version":[{"id":51649,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51648\/revisions\/51649"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}