{"id":11388,"date":"2020-05-17T06:58:31","date_gmt":"2020-05-17T06:58:31","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-canara-bank-securities-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-24546-of-2019-dt-14-10-2019-2019-418-itr-17-st-sc\/"},"modified":"2020-05-17T06:58:31","modified_gmt":"2020-05-17T06:58:31","slug":"pcit-v-canara-bank-securities-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-24546-of-2019-dt-14-10-2019-2019-418-itr-17-st-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-canara-bank-securities-ltd-bomhcur-editorial-slp-of-revenue-is-dismissed-slp-no-24546-of-2019-dt-14-10-2019-2019-418-itr-17-st-sc\/","title":{"rendered":"PCIT v. Canara Bank Securities Ltd (Bom)(HC)(UR) Editorial: SLP of revenue is dismissed (SLP No.24546 of 2019 dt.14\/10\/2019) (2019) 418 ITR 17 (St.)(SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that whether the income should be taxed as business income or as arising from the other source was a debatable issue, the AO took a plausible view. Revision proceeding is unjustified. (Arising out of ITA No.2637\/Mum\/2013 dt.28\/10\/2015)(ITA No. 1761 of 2016, dt.11\/02\/2019)(AY 2008 \u2013 2009)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue -Business income or other sources-  Income should be taxed  as business  income  or  as  arising from the other source ia   a debatable  issue &#8211;  Revision is held to be not justified.  [ S.28(i), 56 ] <\/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-11388","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2XG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11388","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=11388"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11388\/revisions"}],"predecessor-version":[{"id":11389,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11388\/revisions\/11389"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}