{"id":53727,"date":"2025-05-08T12:15:13","date_gmt":"2025-05-08T06:45:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/itc-ltd-v-acit-2024-230-ttj-921-38-nypttj-626-koltrib-5\/"},"modified":"2025-05-08T12:15:13","modified_gmt":"2025-05-08T06:45:13","slug":"itc-ltd-v-acit-2024-230-ttj-921-38-nypttj-626-koltrib-5","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/itc-ltd-v-acit-2024-230-ttj-921-38-nypttj-626-koltrib-5\/","title":{"rendered":"ITC Ltd v. ACIT (2024) 230 TTJ 921 \/ 38 NYPTTJ 626 (Kol)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 compensation from suppliers\u00a0 as\u00a0 liquidated damages is\u00a0 capital receipts\u00a0 hence\u00a0 not to be reduced from the cost of fixed assets. It is capital receipt. (AY.2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43(6) : Written down value-Liquidated damages-Compensation from suppliers-Capital receipts-Block of assets-Depreciation-Not to be reduced from the cost of fixed assets.[S.2(11),  4, 32] <\/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-53727","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dYz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53727","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=53727"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53727\/revisions"}],"predecessor-version":[{"id":53728,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53727\/revisions\/53728"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}