{"id":22685,"date":"2021-11-17T16:28:45","date_gmt":"2021-11-17T10:58:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-karnataka-power-corporation-ltd-no-1-2021-436-itr-285-karn-hc\/"},"modified":"2021-11-17T16:28:45","modified_gmt":"2021-11-17T10:58:45","slug":"cit-v-karnataka-power-corporation-ltd-no-1-2021-436-itr-285-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-karnataka-power-corporation-ltd-no-1-2021-436-itr-285-karn-hc\/","title":{"rendered":"CIT v. Karnataka Power Corporation Ltd. (No. 1) (2021) 436 ITR 285 (Karn.)(HC)"},"content":{"rendered":"<p>Court held that the Tribunal was correct in holding that the assessee was entitled to deduction under section\u00a080IA\u00a0without setting off of the loss of loss-making units against the profits of the profit-making units. Followed CIT v. Karnataka\u00a0 Power Corporation Ltd\u00a0 (ITA No. 778 of 2009 dt. 1-19 2015. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Loss-Setting off  of  Loss of  loss-making units against profits of profit-making units-Entitle to benefit.  <\/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-22685","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5TT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22685","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=22685"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22685\/revisions"}],"predecessor-version":[{"id":22686,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22685\/revisions\/22686"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}