{"id":55335,"date":"2025-07-15T10:50:01","date_gmt":"2025-07-15T05:20:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kotak-mahindra-bank-ltd-v-dcit-2025-211-itd-608-mum-trib-6\/"},"modified":"2025-07-15T10:50:01","modified_gmt":"2025-07-15T05:20:01","slug":"kotak-mahindra-bank-ltd-v-dcit-2025-211-itd-608-mum-trib-6","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kotak-mahindra-bank-ltd-v-dcit-2025-211-itd-608-mum-trib-6\/","title":{"rendered":"Kotak Mahindra Bank Ltd. v. DCIT (2025) 211 ITD 608 (Mum) (Trib.)"},"content":{"rendered":"<p><strong>\u00a0\u00a0<\/strong>The assessee wrote off the amount outstanding of seven parties. The AO made addition u\/s 41(1) of the Act. CIT(A) affirmed the addition. On appeal the Tribunal remanded the\u00a0 matter for de novo consideration.\u00a0 (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Bad debts written off-Matter is  remanded for de novo consideration.[S. 131, 133(6)]<\/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-55335","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eov","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55335","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=55335"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55335\/revisions"}],"predecessor-version":[{"id":55336,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55335\/revisions\/55336"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}