{"id":1180,"date":"2018-06-04T06:29:43","date_gmt":"2018-06-04T06:29:43","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-bansi-lal-gupta-2018-300-ctr-332-j-k-hc\/"},"modified":"2018-06-04T06:29:43","modified_gmt":"2018-06-04T06:29:43","slug":"cit-v-bansi-lal-gupta-2018-300-ctr-332-j-k-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-bansi-lal-gupta-2018-300-ctr-332-j-k-hc\/","title":{"rendered":"CIT v. Bansi Lal  Gupta ( 2018) 300 CTR 332 ( J&#038; K) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , new printing press is neither formed by splitting up of original news paper business nor it is a case of reconstruction of existing business. An amount of Rs.44, 35, 107 was invested in addition to fixed assets on account of acquisition of new machinery , thus it is a new industrial unit and not the expansion of the existing industry , therefore the assessee is entitle to deduction. ( AY.2009-10)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB : Industrial undertakings \u2013 Splitting up or reconstruction-Printing press-  New industrial undertaking of printing press is not the expansion of existing unit, hence entitle to deduction.<\/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-1180","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-j2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1180","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=1180"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1180\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}