{"id":11357,"date":"2020-05-16T06:22:10","date_gmt":"2020-05-16T06:22:10","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-rikin-exports-bomhcur-editorial-slp-of-revenue-is-dismissed-slp18517-2019-dt-24-02-2020\/"},"modified":"2020-05-16T06:22:10","modified_gmt":"2020-05-16T06:22:10","slug":"pcit-v-rikin-exports-bomhcur-editorial-slp-of-revenue-is-dismissed-slp18517-2019-dt-24-02-2020","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rikin-exports-bomhcur-editorial-slp-of-revenue-is-dismissed-slp18517-2019-dt-24-02-2020\/","title":{"rendered":"PCIT v. Rikin Exports (Bom)(HC)(UR) Editorial : SLP of revenue is dismissed. (SLP18517\/2019 dt.24\/02\/2020)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue Court held that, the Mark to Market Loss on account on foreign exchange forward contract loss, said loss was a notional loss and hence is allowable. (Arising out of ITA No.3757\/Mum\/2013 dt.24\/06\/2015)(ITA No.594 of 2016 dt.03\/12\/2018)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.45(3) : Foreign exchange forward contract loss \u2013 Allowable as business loss and setoff against loss. [ S.28(i) ]<\/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-11357","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Xb","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11357","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=11357"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11357\/revisions"}],"predecessor-version":[{"id":11358,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11357\/revisions\/11358"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}