{"id":5170,"date":"2019-04-27T06:44:37","date_gmt":"2019-04-27T06:44:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/maruti-suzuki-india-ltd-v-acit-2018-191-ttj-148-delhitrib-7\/"},"modified":"2019-04-27T06:44:37","modified_gmt":"2019-04-27T06:44:37","slug":"maruti-suzuki-india-ltd-v-acit-2018-191-ttj-148-delhitrib-7","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/maruti-suzuki-india-ltd-v-acit-2018-191-ttj-148-delhitrib-7\/","title":{"rendered":"Maruti Suzuki India Ltd. v. ACIT (2018) 191 TTJ  148 (Delhi)(Trib.)"},"content":{"rendered":"<p><em>Tribunal held that a<\/em>dvance Custom duty paid adjusted against excise duty payable is allowable as deduction. Followed, CIT v. Samtel Colour Ltd. (2009) 184 Taxman 120 (Delhi) (HC). However in view of S.145A Tribunal directed the AO to recast Profit and loss account under &#8216;Inclusive method&#8217; as per mandate of the said section. (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145A : Method of accounting\u2013Valuation\u2013Advance Custom duty paid adjusted against excise duty payable\u2013Allowable as deduction- Directed the AO to recast profit and loss account  under inclusive method. [S. 43B]<\/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-5170","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1lo","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5170","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=5170"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5170\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}