{"id":1245,"date":"2018-06-09T10:24:15","date_gmt":"2018-06-09T10:24:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-splendeer-landbase-limited-delhitrib-www-itatonline-org\/"},"modified":"2018-06-09T10:35:28","modified_gmt":"2018-06-09T10:35:28","slug":"acit-v-splendeer-landbase-limited-delhitrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-splendeer-landbase-limited-delhitrib-www-itatonline-org\/","title":{"rendered":"ACIT v. Splendor Landbase Limited ( Delhi)(Trib) , www.itatonline.org"},"content":{"rendered":"<p><strong>Dismissing the appeal of the revenue the Tribunal held that ; A return filed u\/s 153A is deemed to be a return filed u\/s 139(1). Accordingly, the restrictive provisions of S. 80 do not apply. The return u\/s 153A, once accepted and assessed, replaces the original return filed u\/s 139. Therefore, the assessee is eligible for carry forward business loss .<\/strong>( ITA No. I.T.A. No.2461\/DEL\/2016, dt. 06.06.2018)(AY. 2010-11)<\/p>\n<p><strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Splendor-153A-loss-returns.pdf\">[Click here to download PDF file]<\/a>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80 : Return for losses \u2013 Unabsorbed   depreciation and carried forward losses &#8211; A return filed u\/s 153A is deemed to be a return filed u\/s 139(1). Accordingly, the restrictive provisions of S. 80 do not apply. The return u\/s 153A, once accepted and assessed, replaces the original return filed u\/s 139. Therefore, the assessee is eligible for carry forward business loss [ S.139(1), 153A ]<\/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-1245","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-k5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1245","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=1245"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1245\/revisions"}],"predecessor-version":[{"id":1248,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1245\/revisions\/1248"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}