{"id":25911,"date":"2022-03-27T10:54:17","date_gmt":"2022-03-27T05:24:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/paramount-communications-ltd-v-dy-cit-2021-90-itr-20-delhitrib\/"},"modified":"2022-03-27T10:54:17","modified_gmt":"2022-03-27T05:24:17","slug":"paramount-communications-ltd-v-dy-cit-2021-90-itr-20-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/paramount-communications-ltd-v-dy-cit-2021-90-itr-20-delhitrib\/","title":{"rendered":"Paramount Communications Ltd. v. Dy.CIT (2021) 90 ITR 20 (Delhi)(Trib.)"},"content":{"rendered":"<p>Held, that the foreign currency convertible bond proceeds were utilized for setting up a new manufacturing facility or expansion of manufacturing facility. The discount received through buy-back of the foreign currency convertible bonds at a discounted price was not income, it has to be treated as capital receipt.\u00a0 (AY. 2009-10, 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Foreign currency-Convertible bonds-Buy back of foreign currency bonds at discounted price-Foreign currency convertible bond proceeds were utilized for setting up a new manufacturing facility or expansion of manufacturing facility-Discount is capital receipt. [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":[21],"tags":[],"class_list":["post-25911","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6JV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25911","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=25911"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25911\/revisions"}],"predecessor-version":[{"id":25912,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25911\/revisions\/25912"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}