{"id":26518,"date":"2022-04-20T17:43:48","date_gmt":"2022-04-20T12:13:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-limited-no-2-2022-440-itr-190-cal-hc-2\/"},"modified":"2022-08-14T19:48:23","modified_gmt":"2022-08-14T14:18:23","slug":"pcit-v-akzo-noble-india-limited-no-2-2022-440-itr-190-cal-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-akzo-noble-india-limited-no-2-2022-440-itr-190-cal-hc-2\/","title":{"rendered":"PCIT v. Akzo Noble India Limited (No. 2) (2022) 440 ITR 190 \/ 286 Taxman 251 (Cal.)(HC)"},"content":{"rendered":"<p>Held that consideration received on sale\u00a0 proceeds of the assesee\u2019s chemical undertaking was not liable to tax as short term capital gains under section 50 or as long term capital gains. Followed\u00a0 PCIT v. Akzo Noble India Limited\u00a0 (2022) 440 ITR 185 (Cal) (HC). (AY.1996-97)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains-Slump sale-Depreciable assets-Block of assets-Sale of undertaking-Sale consideration is not liable to be taxed as short term capital gains. [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-26518","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6TI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26518","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=26518"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26518\/revisions"}],"predecessor-version":[{"id":29083,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26518\/revisions\/29083"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}