{"id":25586,"date":"2022-03-17T13:12:55","date_gmt":"2022-03-17T07:42:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib-3\/"},"modified":"2022-06-07T20:38:24","modified_gmt":"2022-06-07T15:08:24","slug":"acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib-3\/","title":{"rendered":"ACIT v. Investment Trust of India Ltd. (2021) 88 ITR 566 \/ 211 TTJ 777\/ 203 DTR 289(Chennai) (Trib.) Dy. CIT v. HFCL Infotel Ltd. (2021) 88 ITR 566\/ 211 TTJ 777 \/ 203 DTR 289 (Chennai)(Trib.)"},"content":{"rendered":"<p>Held that balance consideration received from escrow agents by subsidiary after amalgamation on behalf of erstwhile Chennai Company\u00a0 which was taxed in hands of\u00a0 erstwhile Chennai company at Chandigarh\u00a0 the same amount cannot be taxed again in hands of\u00a0 subsidiary in Chennai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains-Slump sale-Amalgamation of  Companies- Subsidiary-Balance consideration received from escrow agents by subsidiary after amalgamation on behalf of  erstwhile Chennai Company-Taxed in hands of  erstwhile Chennai company at Chandigarh -cannot be taxed again in hands of  subsidiary in Chennai  [S. 2(19AA), 2(42C),  72A]  <\/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-25586","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6EG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25586","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=25586"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25586\/revisions"}],"predecessor-version":[{"id":27296,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25586\/revisions\/27296"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}