{"id":22534,"date":"2021-11-14T12:29:57","date_gmt":"2021-11-14T06:59:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-karnataka-power-corporation-ltd-no-2-2021436-itr-292-281-taxman-600-karn-hc\/"},"modified":"2021-11-14T12:29:57","modified_gmt":"2021-11-14T06:59:57","slug":"cit-v-karnataka-power-corporation-ltd-no-2-2021436-itr-292-281-taxman-600-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-karnataka-power-corporation-ltd-no-2-2021436-itr-292-281-taxman-600-karn-hc\/","title":{"rendered":"CIT v. Karnataka Power Corporation Ltd. (No. 2) (2021)436 ITR 292 \/ 281 Taxman 600 (Karn) ( HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal was justified in admitting the additional ground and also holding that the\u00a0 section\u00a0115JB\u00a0was not applicable to the assessee in view of Explanation 3 to section\u00a0115JB of the Act . \u00a0( AY. 2006 -07 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB :  Book profit &#8211; Power generating company \u2013Additional ground &#8211; Provision is not applicable .[ S. 254(1) ]<\/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-22534","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Rs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22534","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=22534"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22534\/revisions"}],"predecessor-version":[{"id":22535,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22534\/revisions\/22535"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}