{"id":6776,"date":"2019-08-26T12:41:01","date_gmt":"2019-08-26T12:41:01","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-bechtel-international-inc-2019-414-itr-558-bom-hc\/"},"modified":"2021-04-17T08:59:17","modified_gmt":"2021-04-17T03:29:17","slug":"cit-v-bechtel-international-inc-2019-414-itr-558-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-bechtel-international-inc-2019-414-itr-558-bom-hc\/","title":{"rendered":"CIT   v.  Bechtel International Inc. (2019) 414 ITR 558 \/ ( 2020) 113 taxmmann.com 514 \/ 192 DTR 422(Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 though the assessee following the mercantile system of accounting <em>\u00a0<\/em>Bill raised by assessee for premature termination of contract however the contracting company not accepting Bill. Income did not accrue. As regards another bill of which a small part is received after four years, claim as bad debt is to be accepted. (AY. 2002 03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 5 : Scope of total income-Accrual-Real income theory-Bad debt -Mercantile  system of accounting-Bill raised for premature termination of contract-Contracting company not accepting Bill- Income did not accrue\u2013Another bill of which a small part is received after four years\u2013Claim as bad debt is to be accepted. [S. 36(1)(vii)]<\/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-6776","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Li","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6776","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=6776"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6776\/revisions"}],"predecessor-version":[{"id":16989,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6776\/revisions\/16989"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}