{"id":57011,"date":"2025-10-10T11:34:12","date_gmt":"2025-10-10T06:04:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-ritum-jain-2025-476-itr-69-calhc\/"},"modified":"2025-10-10T11:34:12","modified_gmt":"2025-10-10T06:04:12","slug":"pcit-v-ritum-jain-2025-476-itr-69-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-ritum-jain-2025-476-itr-69-calhc\/","title":{"rendered":"PCIT v. Ritum Jain. (2025) 476 ITR 69 (Cal)(HC)"},"content":{"rendered":"<p>Held that the sales tax incentive received from the State Government under the West Bengal Industrial Promotion (Assistance co Industrial Units) Scheme, 2010 is a capital receipt. The Tribunal has the power to entertain a claim of deduction not claimed before the Assessing Officer by filing a revised return.(AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Income or capital-Sales tax incentive received from State Government under West Bengal Industrial Promotion Scheme-Capital receipt-Appellate Tribunal-Power-The Tribunal has the power to entertain a claim of deduction not claimed before the Assessing Officer by filing revised return.   [S. 139,254(1)] <\/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-57011","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ePx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57011","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=57011"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57011\/revisions"}],"predecessor-version":[{"id":57012,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57011\/revisions\/57012"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=57011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=57011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=57011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}