{"id":26516,"date":"2022-04-20T17:43:24","date_gmt":"2022-04-20T12:13:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-limited-no-1-2022-440-itr-185-cal-hc\/"},"modified":"2022-04-20T17:43:24","modified_gmt":"2022-04-20T12:13:24","slug":"pcit-v-akzo-noble-india-limited-no-1-2022-440-itr-185-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-limited-no-1-2022-440-itr-185-cal-hc\/","title":{"rendered":"PCIT v. Akzo Noble India Limited (No. 1) (2022) 440 ITR 185 (Cal.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that\u00a0 the Tribunal did not err in deleting the disallowance for the assessment years 2006-07 and 2007-08 on account of slump sale of the chemical undertaking under section\u00a050B\u00a0of the\u00a0Income-tax Act, 1961\u00a0relying on its decision in the assessee\u2019s own case for the assessment year 1994-95. Followed CIT v. Akzo Noble India Limited (2020) 423 ITR 208 (Cal.)(HC). (AY.2006-07, 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains-Slump sale-Entire business of the undertaking was transferred to  subsidiary-Order of Tribunal assessing the amount as slump sale is affirmed. [S. 2(11), 2(42C), 45, 50] <\/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-26516","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6TG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26516","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=26516"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26516\/revisions"}],"predecessor-version":[{"id":26517,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26516\/revisions\/26517"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}