{"id":12279,"date":"2020-09-21T05:28:38","date_gmt":"2020-09-21T05:28:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-v-a-tech-wabag-pvt-ltd-2020-424-itr-105-mad-hc\/"},"modified":"2020-09-21T05:28:38","modified_gmt":"2020-09-21T05:28:38","slug":"pcit-v-v-a-tech-wabag-pvt-ltd-2020-424-itr-105-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-v-a-tech-wabag-pvt-ltd-2020-424-itr-105-mad-hc\/","title":{"rendered":"PCIT v V. A. Tech Wabag Pvt. Ltd. (2020) 424 ITR 105 (Mad) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue\u00a0 the Court held that\u00a0 the loss on account of fluctuations in foreign currency did not pertain to any capital asset and such loss had occurred to the assessee in the ordinary course of business,hence allowable\u00a0 as business loss<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i):Business loss \u2014Fluctuation in rate of foreign exchange \u2014 Allowable as business loss . [ S.37(1) ]<\/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-12279","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3c3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12279","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=12279"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12279\/revisions"}],"predecessor-version":[{"id":12280,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12279\/revisions\/12280"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}