{"id":8583,"date":"2019-12-18T10:59:33","date_gmt":"2019-12-18T10:59:33","guid":{"rendered":"http:\/\/itatonline.org\/digest\/global-entropolis-vizag-p-ltd-v-acit-2019-178-itd-179-bang-trib\/"},"modified":"2020-01-14T09:13:35","modified_gmt":"2020-01-14T09:13:35","slug":"global-entropolis-vizag-p-ltd-v-acit-2019-178-itd-179-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/global-entropolis-vizag-p-ltd-v-acit-2019-178-itd-179-bang-trib\/","title":{"rendered":"Global Entropolis (Vizag) (P.) Ltd.  v.  ACIT (2019) 178 ITD 179 \/ 202 TTJ 384\/ 183 DTR 297(Bang.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that approval fee payable to the VUDA for renewal of construction plan and electricity license which was a State Government authority constituted to regulate development of city and large scale construction projects, fall under category of &#8216;fees&#8217; u\/S. 43B\u00a0 hence\u00a0 allowable on actual payment and not on the basis of provision. \u00a0The assessee contended that the assessee is following the percentage completion method hence the amount disallowed u\/s 43B should be reduced from the work in progress. Tribunal remanded the issue for verification. \u00a0\u00a0\u00a0(AY. \u00a02014-15, 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43B : Deductions  on actual payment\u2013Approval fee-Allowable only on actual payment\u2013Provision is not allowable\u2013Percentage completion method-Amount disallowed to be reduced from work in progress\u2013Matter remanded. [S. 37 (1), 145]<\/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-8583","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2er","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8583","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=8583"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8583\/revisions"}],"predecessor-version":[{"id":9225,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8583\/revisions\/9225"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}