{"id":61135,"date":"2026-06-25T10:50:43","date_gmt":"2026-06-25T05:20:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/patidar-builder-p-ltd-v-assessing-officer-2025-214-itd-77-indore-trib-4\/"},"modified":"2026-06-25T10:50:43","modified_gmt":"2026-06-25T05:20:43","slug":"patidar-builder-p-ltd-v-assessing-officer-2025-214-itd-77-indore-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/patidar-builder-p-ltd-v-assessing-officer-2025-214-itd-77-indore-trib-4\/","title":{"rendered":"Patidar Builder (P.) Ltd. v. Assessing Officer (2025) 214 ITD 77 (Indore) (Trib.)"},"content":{"rendered":"<p>Held that advances from customers against sales, shown those advances in its balance sheet as liabilities, had not been written off those liabilities and ultimately adjusted those liabilities against sales made to respective customers; conditions of section 41(1) would not be satisfied, and the addition made by the Assessing Officer by invoking section 41(1) was not sustainable<strong>.(<\/strong>AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1): Profits chargeable to tax-Remission or cessation of trading liability-Advances from customers against sales-shown as liabilities in its balance sheet-Not written off-Addition cannot be made. <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61135","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fU3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61135","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=61135"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61135\/revisions"}],"predecessor-version":[{"id":61136,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61135\/revisions\/61136"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}