{"id":7363,"date":"2019-09-24T06:15:07","date_gmt":"2019-09-24T06:15:07","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-m-j-export-pvt-ltd-bomhc-www-itatonline-org\/"},"modified":"2019-09-24T06:15:07","modified_gmt":"2019-09-24T06:15:07","slug":"pcit-v-m-j-export-pvt-ltd-bomhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-m-j-export-pvt-ltd-bomhc-www-itatonline-org\/","title":{"rendered":"PCIT v. M. J. Export Pvt. Ltd. (Bom)(HC), www.itatonline.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that Payment of interest on delayed\u00a0 payment of custom duty\u00a0 is part of duty \u2013 Allowable as deduction in the year of payment. Followed\u00a0\u00a0 Mahalaxmi Sugar Mills Co v CIT (1980 ) 123 ITR\u00a0 429 (SC)(ITA No. 809 of 2017, dt. 27.08.2019) (AY. 2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43B : Certain deductions  on actual payment\u2013Payment of interest on delayed  payment of custom duty  is part of duty\u2013 Allowable as deduction in the year of payment. [S. 37(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":[1],"tags":[],"class_list":["post-7363","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1UL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7363","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=7363"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7363\/revisions"}],"predecessor-version":[{"id":7364,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7363\/revisions\/7364"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}