{"id":25430,"date":"2022-03-12T16:35:06","date_gmt":"2022-03-12T11:05:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sai-mirra-innopharm-p-ltd-v-ito-2021-87-itr-235-chennai-trib\/"},"modified":"2022-03-12T16:35:06","modified_gmt":"2022-03-12T11:05:06","slug":"sai-mirra-innopharm-p-ltd-v-ito-2021-87-itr-235-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sai-mirra-innopharm-p-ltd-v-ito-2021-87-itr-235-chennai-trib\/","title":{"rendered":"Sai Mirra Innopharm P. Ltd. v. ITO (2021) 87 ITR 235 (Chennai) (Trib.)"},"content":{"rendered":"<p>Held that \u00a0compensation received for termination of a manufacturing agreement is a receipt for loss of investment in business or loss of profit from business and cannot be treated as a revenue receipt liable to be taxed under section 28(va)(a) of the Income-tax Act, 1961.Relied on \u00a0CIT v. Parle Soft Drinks (Bangalore P. Ltd.) [2018 406 ITR (St.) 33 (SC). (AY.2007-08)<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(va) : Business income-Cash or kind-Compensation received for pre closure of contract manufacturing agreement-Capital receipt for loss of business or investment. [S. 4] <\/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-25430","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Ca","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25430","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=25430"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25430\/revisions"}],"predecessor-version":[{"id":25431,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25430\/revisions\/25431"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}