{"id":5609,"date":"2019-05-31T05:07:19","date_gmt":"2019-05-31T05:07:19","guid":{"rendered":"http:\/\/itatonline.org\/digest\/glaxo-smithkline-consumer-healthcare-ltd-v-acit-2019-413-itr-104-307-ctr-601-ph-hc\/"},"modified":"2019-08-18T14:49:10","modified_gmt":"2019-08-18T14:49:10","slug":"glaxo-smithkline-consumer-healthcare-ltd-v-acit-2019-413-itr-104-307-ctr-601-ph-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/glaxo-smithkline-consumer-healthcare-ltd-v-acit-2019-413-itr-104-307-ctr-601-ph-hc\/","title":{"rendered":"Glaxo Smithkline Consumer Healthcare Ltd. v.  ACIT  (2019) 413 ITR 104 \/ 307 CTR 601\/ 174 DTR 322 (P&#038;H) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that the unutilised Modvat credit, balance as at the end of the year was to be treated as payment of excise duty, and was an allowable deduction. (AY. 1997 -98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43B : Certain deductions  on actual payment -Excise duty \u2014 Unutilised Modvat Credit as at end of year on inputs purchased, constitutes actual  payment  and  deductible.<\/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-5609","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1st","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5609","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=5609"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5609\/revisions"}],"predecessor-version":[{"id":6466,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5609\/revisions\/6466"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}