{"id":2329,"date":"2018-09-09T14:58:53","date_gmt":"2018-09-09T14:58:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-shyam-steel-industries-ltd-2018-303-ctr-628-cal-hc\/"},"modified":"2018-10-20T03:30:42","modified_gmt":"2018-10-20T03:30:42","slug":"pcit-v-shyam-steel-industries-ltd-2018-303-ctr-628-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-shyam-steel-industries-ltd-2018-303-ctr-628-cal-hc\/","title":{"rendered":"PCIT v. Shyam Steel Industries Ltd ( 2018) 303 CTR 628\/168 DTR 152 ( Cal) (HC)"},"content":{"rendered":"<p>[contact-form][contact-field label=&#8221;Name&#8221; type=&#8221;name&#8221;  required=&#8221;true&#8221; \/][contact-field label=&#8221;Email&#8221; type=&#8221;email&#8221; required=&#8221;true&#8221; \/][contact-field label=&#8221;Website&#8221; type=&#8221;url&#8221; \/][contact-field label=&#8221;Message&#8221; type=&#8221;textarea&#8221; \/][\/contact-form]<\/p>\n<p>Dismissing the appeal of the revenue the Court held that; Power subsidy which is available only to new units and units which have undergone an expansion , purpose being incentive as a capital subsidy has to be regarded \u00a0as capital receipts .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax -Power subsidy- Capital or revenue- Purpose test- Power subsidy which is available only to new units and units which have undergone an expansion , purpose being incentive as a capital subsidy has to be regarded  as capital receipts .[ S.28(i) ]<\/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":[1],"tags":[],"class_list":["post-2329","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Bz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2329","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=2329"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2329\/revisions"}],"predecessor-version":[{"id":2622,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2329\/revisions\/2622"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}