{"id":782,"date":"2018-05-11T07:09:14","date_gmt":"2018-05-11T07:09:14","guid":{"rendered":"http:\/\/itatonline.org\/digest\/hgp-community-p-ltd-v-ito-2018-170-itd-18-mumtrib\/"},"modified":"2018-05-11T07:09:14","modified_gmt":"2018-05-11T07:09:14","slug":"hgp-community-p-ltd-v-ito-2018-170-itd-18-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hgp-community-p-ltd-v-ito-2018-170-itd-18-mumtrib\/","title":{"rendered":"HGP Community (P) Ltd v. ITO ( 2018) 170 ITD 18 ( Mum)(Trib)"},"content":{"rendered":"<p>Tribunal held that where the assessee which is in the business of construction , Interest paid on borrowings as component of work in progress was capitalised and also claimed as deduction for same interest under the head income from house property . Matter was remanded  to the AO  to consider AS 10 and AS 16 and decide according to law .( AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.145:Method of accounting \u2013 Work-in-progress- Construction and development of properties -Interest paid on borrowings as component of work in progress was capitalised and also claimed as deduction for same interest under the head income from house property . Matter was remanded  to the AO  to consider AS 10 and AS 16 and decide according to law  [ S.22 ]<\/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-782","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/782","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=782"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/782\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}