{"id":25706,"date":"2022-03-22T17:07:31","date_gmt":"2022-03-22T11:37:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sinnar-thermal-power-ltd-v-dy-cit-2021-89-itr-263-mum-trib\/"},"modified":"2022-03-22T17:07:31","modified_gmt":"2022-03-22T11:37:31","slug":"sinnar-thermal-power-ltd-v-dy-cit-2021-89-itr-263-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sinnar-thermal-power-ltd-v-dy-cit-2021-89-itr-263-mum-trib\/","title":{"rendered":"Sinnar Thermal Power Ltd. v. Dy CIT (2021) 89 ITR 263 (Mum.)(Trib.)"},"content":{"rendered":"<p>Held that advance to subsidiary for setting up of thermal power plant. Project was rejected\u00a0\u00a0 by Ministry of Environment and Forest. Loss written off\u00a0 was held to be allowable as\u00a0 business loss. Loss of sale of stock in trade allowable as business loss. <strong>\u00a0<\/strong>(AY. 2011-12 to 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss-Advance to subsidiary-Amount written off-Allowable as business loss-Conversion of  capital asset in to stock in trade-Loss on sale of stock in trade-Allowable as business loss. <\/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-25706","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6GC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25706","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=25706"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25706\/revisions"}],"predecessor-version":[{"id":25707,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25706\/revisions\/25707"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}