{"id":20314,"date":"2021-07-21T10:48:47","date_gmt":"2021-07-21T05:18:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-bhima-sahakari-sakhar-karkhana-ltd-2020-121-taxmann-com-6-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-bhima-sahakari-karkhana-ltd-2020-275-taxman-390-sc\/"},"modified":"2021-07-21T10:48:47","modified_gmt":"2021-07-21T05:18:47","slug":"cit-v-bhima-sahakari-sakhar-karkhana-ltd-2020-121-taxmann-com-6-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-bhima-sahakari-karkhana-ltd-2020-275-taxman-390-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-bhima-sahakari-sakhar-karkhana-ltd-2020-121-taxmann-com-6-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-bhima-sahakari-karkhana-ltd-2020-275-taxman-390-sc\/","title":{"rendered":"CIT v. Bhima Sahakari Sakhar Karkhana Ltd. (2020) 121 taxmann.com 6 (Bom.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Bhima Sahakari Karkhana Ltd. (2020) 275 Taxman 390 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the High Court held that the Tribunal is justified in holding that unabsorbed depreciation loss for assessment year 1995-96 to be carried forward and set off against future profits beyond eight years holding that amendment by Finance Act, 2001 and CBDT Circular No. 14\/2001 was applicable retrospectively. Followed CIT\u00a0v.\u00a0Hindustan Unilever Ltd. (2017) 394 ITR 73 (Bom)(HC) <em>\u00a0<\/em>(AY. 2004-05)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Unabsorbed depreciation-Carry forward and set off of-Unabsorbed depreciation loss for assessment year 1995-96 to be carried forward and set off against future profits beyond eight years holding that amendment by Finance Act, 2001 and CBDT Circular No. 14\/2001 was applicable retrospectively. [S. 32 (2), 72] <\/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-20314","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5hE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20314","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=20314"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20314\/revisions"}],"predecessor-version":[{"id":20315,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20314\/revisions\/20315"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}