{"id":708,"date":"2018-05-07T00:05:30","date_gmt":"2018-05-07T00:05:30","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-mcnally-bharat-engineering-co-ltd-2018-191-ttj-822-kol-trib-5\/"},"modified":"2018-05-07T00:05:30","modified_gmt":"2018-05-07T00:05:30","slug":"dy-cit-v-mcnally-bharat-engineering-co-ltd-2018-191-ttj-822-kol-trib-5","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-mcnally-bharat-engineering-co-ltd-2018-191-ttj-822-kol-trib-5\/","title":{"rendered":"Dy.CIT v. Mcnally Bharat Engineering Co. Ltd. (2018) 191 TTJ 822 (Kol.)(Trib.)"},"content":{"rendered":"<p>Retention money is not in the nature of income till the time contractual obligations are performed fully and satisfactory. Therefore though the amount is credited to the Profit and loss account  for the purpose of book profit of the company  same is not liable to be included . (AY . 2006 \u2013 2007 to 2008-2009)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB :Book profits- Retention money cannot be treated as income for purpose of book profit though the amount is credited in the P&#038; Loss account .[S.2(24) ]<\/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-708","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/708","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=708"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/708\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}