{"id":9958,"date":"2020-02-18T12:13:22","date_gmt":"2020-02-18T12:13:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dcit-v-agc-network-ltd-2020-180-itd-204-mum-trib\/"},"modified":"2020-02-18T12:13:22","modified_gmt":"2020-02-18T12:13:22","slug":"dcit-v-agc-network-ltd-2020-180-itd-204-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-agc-network-ltd-2020-180-itd-204-mum-trib\/","title":{"rendered":"DCIT v. AGC Network Ltd. (2020) 180 ITD 204 (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee had taken on lease subject premises on furnishing security deposit. Lease agreement was terminated, however, security deposit was not refunded. The assessee wrote-off security deposit in its books after making adjustment towards unpaid rent and claimed it as deduction. AO disallowed assessee&#8217;s claim of deduction.\u00a0 On\u00a0 appeal the Tribunal held that having reached a settlement with landlord and offered amount so received in lieu of settlement to tax, matter remanded back for verification of\u00a0 the facts. \u00a0(AY. 2005-06, 2009 10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt\u2013Termination of lease agreement\u2013Write off of security deposit\u2013Matter remanded. <\/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-9958","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2AC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9958","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=9958"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9958\/revisions"}],"predecessor-version":[{"id":9959,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9958\/revisions\/9959"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}