{"id":532,"date":"2018-04-30T09:28:53","date_gmt":"2018-04-30T09:28:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/rashriya-chemicals-fertilizer-limited-v-cit-mumtrib-www-itatonline-org\/"},"modified":"2019-05-20T06:34:23","modified_gmt":"2019-05-20T06:34:23","slug":"rashriya-chemicals-fertilizer-limited-v-cit-mumtrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rashriya-chemicals-fertilizer-limited-v-cit-mumtrib-www-itatonline-org\/","title":{"rendered":"Rashriya Chemicals &#038; Fertilizer Limited v. CIT  ( 2018) 91 taxmann.com 104  (Mum)(Trib) , www.itatonline.org"},"content":{"rendered":"<p>Allowing the appeal of the assessee , the Tribunal held that ; Even if there is lack of inquiry by the AO and the assessment order is &#8220;erroneous&#8221; under Explanation 2 to s. 263, the order is not &#8220;prejudicial to the interests of the Revenue&#8221; because Fringe Benefit Tax is not &#8220;tax&#8221; as defined in s. 2(43) and cannot be disallowed u\/s 40(a)(v) or added back to &#8220;Book Profits&#8221; u\/s 115JB ( AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263: Commissioner &#8211; Revision of orders prejudicial to revenue \u2013 Even if there is lack of inquiry by the AO and the assessment order is &#8220;erroneous&#8221; under Explanation 2 to s. 263, the order is not &#8220;prejudicial to the interests of the Revenue&#8221;  [ S. 2(43),40(a)(v)115JB]<\/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-532","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8A","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/532","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=532"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/532\/revisions"}],"predecessor-version":[{"id":5486,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/532\/revisions\/5486"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}