{"id":20310,"date":"2021-07-21T10:48:00","date_gmt":"2021-07-21T05:18:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-c-j-exports-2020-121-taxmann-com-8-bom-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-cit-v-c-j-exports-2020-275-taxman-388-sc\/"},"modified":"2021-07-21T10:48:00","modified_gmt":"2021-07-21T05:18:00","slug":"cit-v-c-j-exports-2020-121-taxmann-com-8-bom-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-cit-v-c-j-exports-2020-275-taxman-388-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-c-j-exports-2020-121-taxmann-com-8-bom-hc-editorial-slp-of-revenue-is-dismissed-as-withdrawn-due-to-low-tax-effect-cit-v-c-j-exports-2020-275-taxman-388-sc\/","title":{"rendered":"CIT v. C.J Exports (2020) 121 taxmann.com 8 (Bom.)(HC) Editorial : SLP of revenue is dismissed as withdrawn due to low tax effect, CIT v. C.J Exports (2020) 275 Taxman 388 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the High Court held that Tribunal was right in deleting the addition of Rs.1,06,90,750\/- made by the assessing officer on account of disallowance of loss on foreign exchange forward contract loss\u00a0 as business loss. Followed CIT\u00a0v.\u00a0D. Chetan &amp; Co (2016) 243 Taxman 356 (Bom.)(HC)\u00a0and\u00a0CIT\u00a0v.\u00a0Chaitya\u00a0[IT Appeal No. 128 of 2015, dated 7-7-2017 (AY. 2009-10).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss-Foreign exchange forward contract loss-Allowable as business loss.<\/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":[21],"tags":[],"class_list":["post-20310","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5hA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20310","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=20310"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20310\/revisions"}],"predecessor-version":[{"id":20311,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20310\/revisions\/20311"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}