{"id":20352,"date":"2021-07-21T11:03:42","date_gmt":"2021-07-21T05:33:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/torrent-finance-p-ltd-v-acit-2020-115-taxmann-com-256-guj-hc-editorial-slp-of-revenue-is-dismissed-acit-v-torrent-finance-p-ltd-2020-272-taxman-190-sc\/"},"modified":"2021-07-21T11:03:42","modified_gmt":"2021-07-21T05:33:42","slug":"torrent-finance-p-ltd-v-acit-2020-115-taxmann-com-256-guj-hc-editorial-slp-of-revenue-is-dismissed-acit-v-torrent-finance-p-ltd-2020-272-taxman-190-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/torrent-finance-p-ltd-v-acit-2020-115-taxmann-com-256-guj-hc-editorial-slp-of-revenue-is-dismissed-acit-v-torrent-finance-p-ltd-2020-272-taxman-190-sc\/","title":{"rendered":"Torrent Finance (P.) Ltd. v. ACIT (2020) 115 taxmann.com 256 (Guj.)(HC) Editorial : SLP of revenue is dismissed, ACIT v. Torrent Finance (P.) Ltd (2020) 272 Taxman 190 (SC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that\u00a0 dividend income earned from stock in trade can be set off against loss suffered in share trading business. Followed\u00a0 CIT\u00a0v.\u00a0Sphere Stock Holding (P.) Ltd. in [TA No. 2583 of 2009, dated 23-8-2011 (Guj)(HC). (AY. 1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 73 : Speculation business-Dividend income-Stock in trade-Can be set off against loss suffered in share trading business. [S. 56, 70, 71]  <\/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-20352","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5ig","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20352","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=20352"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20352\/revisions"}],"predecessor-version":[{"id":20353,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20352\/revisions\/20353"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}