{"id":5694,"date":"2019-06-10T11:44:20","date_gmt":"2019-06-10T11:44:20","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-fis-global-business-solutions-india-p-ltd-2019-102-taxmann-com-471-delhihc-editorial-slp-of-revenue-is-dismissed-acit-v-fis-global-business-solutions-india-p-ltd-2019\/"},"modified":"2019-06-10T11:44:20","modified_gmt":"2019-06-10T11:44:20","slug":"acit-v-fis-global-business-solutions-india-p-ltd-2019-102-taxmann-com-471-delhihc-editorial-slp-of-revenue-is-dismissed-acit-v-fis-global-business-solutions-india-p-ltd-2019","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-fis-global-business-solutions-india-p-ltd-2019-102-taxmann-com-471-delhihc-editorial-slp-of-revenue-is-dismissed-acit-v-fis-global-business-solutions-india-p-ltd-2019\/","title":{"rendered":"ACIT  v.  FIS Global Business Solutions India (P.) Ltd. (2019) 102  taxmann.com 471 ( Delhi)(HC)  Editorial: SLP of revenue is dismissed, ACIT  v.  FIS Global Business Solutions India (P.) Ltd. (2019) 262 Taxman 369 (SC)"},"content":{"rendered":"<p>Assessing Officer issued reassessment notice on basis of audit objection that assessee-company had wrongly claimed and was allowed deduction on account of Forex Gain on interest income which was not an allowable expense. On Writ the Court held that, since audit objection is merely an information reassessment order is bad in law. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment\u2013Audit objection-Business expenditure\u2013Forex gain-merely on the basis of audit objection\u2013Reassessment is not valid [ S.37(1), 148]<\/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-5694","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1tQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5694","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=5694"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5694\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}