{"id":12293,"date":"2020-09-21T06:05:15","date_gmt":"2020-09-21T06:05:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc\/"},"modified":"2022-04-04T05:49:26","modified_gmt":"2022-04-04T00:19:26","slug":"cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc\/","title":{"rendered":"CIT v. Jsw Steel Ltd (2020) 424 ITR 227\/ 275 Taxman 587 (Karn)(HC), Editorial: Notice issued in SLP filed by the revenue   , CIT v. JSW  Steel Ltd ( 2021 ) 282 Taxman 300  (SC))\/  .SLP dismissed  , CIT v. JSW Steel Ltd ( 2022) 284 Taxman 277 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, loss on account of settlement of forward contracts is held to be allowable as deduction .( AY.2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43A : Rate of exchange &#8211; Foreign currency &#8211;   Business loss- Rate of Exchange of  foreign  currency \u2013 loss on settlement of forward contract  &#8211; Held to be allowable . <\/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-12293","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3ch","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12293","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=12293"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12293\/revisions"}],"predecessor-version":[{"id":26146,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12293\/revisions\/26146"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}