{"id":9021,"date":"2020-01-01T07:16:57","date_gmt":"2020-01-01T07:16:57","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-oil-india-ltd-2019-179-itd-455-guwahatitrib\/"},"modified":"2020-03-15T12:47:56","modified_gmt":"2020-03-15T12:47:56","slug":"acit-v-oil-india-ltd-2019-179-itd-455-guwahatitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-oil-india-ltd-2019-179-itd-455-guwahatitrib\/","title":{"rendered":"ACIT  v.  Oil India Ltd. (2019) 179 ITD 455  \/  182 DTR 25 \/ 201 TTJ 545(Guwahati)(Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that for claiming deduction under S. 80IB, law does not require such separate accounts to be maintained as if undertaking itself is a distinct business. For purpose of deduction each oil well can be treated as a separate eligible undertaking. <strong>\u00a0<\/strong>(AY. 2003-04 to 2006-07, 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB : Industrial undertakings\u2013Eligible undertaking-Each oil well can be treated as a separate eligible undertaking\u2013Not required to maintain  separate account for each undertaking. [S. 80IC]<\/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-9021","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2lv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9021","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=9021"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9021\/revisions"}],"predecessor-version":[{"id":10450,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9021\/revisions\/10450"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}