{"id":12312,"date":"2020-09-21T06:31:55","date_gmt":"2020-09-21T06:31:55","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc-2\/"},"modified":"2021-06-02T08:45:05","modified_gmt":"2021-06-02T03:15:05","slug":"cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-jsw-steel-ltd-2020-424-itr-227-karnhc-2\/","title":{"rendered":"CIT v .Jsw Steel Ltd (2020) 424 ITR 227 \/275 Taxman 587  (Karn)(HC)"},"content":{"rendered":"<p>Court held that\u00a0 clause (h) of Explanation 1 below section\u00a0115JB(2)\u00a0of the Act has been incorporated with effect from April 1, 2001. The retrospective operation of the provision had not been challenged by the assessee hence the interest could be levied under S.\u00a0234B of the Act . (AY.2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.115JB: Book profit \u2013 Interest \u2013 Retrospective amendment -Interest is leviable  [ S.234B ] <\/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-12312","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3cA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12312","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=12312"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12312\/revisions"}],"predecessor-version":[{"id":18855,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12312\/revisions\/18855"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}