{"id":55911,"date":"2025-08-16T10:15:51","date_gmt":"2025-08-16T04:45:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-haryana-vidyut-prasaran-nigam-ltd-2025-303-taxman-134-phhc-2\/"},"modified":"2025-08-16T10:15:51","modified_gmt":"2025-08-16T04:45:51","slug":"cit-v-haryana-vidyut-prasaran-nigam-ltd-2025-303-taxman-134-phhc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-haryana-vidyut-prasaran-nigam-ltd-2025-303-taxman-134-phhc-2\/","title":{"rendered":"CIT v. Haryana Vidyut Prasaran Nigam Ltd. (2025) 303 Taxman 134 (P&#038;H)(HC)"},"content":{"rendered":"<p>Held that the liability on account of electricity duty payable could be\u00a0 set off against allotment of equity shares, amount discharge of liability.\u00a0 No disallowance can be made\u00a0 assessee could b set off by way of allotment of equity shares and same would amount to discharge of liability under section 43B. Order of Tribunal is affirmed. (AY. 1999-2000)<\/p>\n","protected":false},"excerpt":{"rendered":"<p> S. 43B : Deductions on actual payment-liability on account of electricity duty payable-Set off against allotment of equity shares-Amount discharge of liability-No disallowance can be made. [S. 37(1), 260A]<\/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-55911","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-exN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55911","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=55911"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55911\/revisions"}],"predecessor-version":[{"id":55912,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55911\/revisions\/55912"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}