{"id":2775,"date":"2018-11-01T12:51:32","date_gmt":"2018-11-01T12:51:32","guid":{"rendered":"http:\/\/itatonline.org\/digest\/elem-investments-p-ltd-v-acit-2018-172-itd-58-hyd-trib\/"},"modified":"2018-11-01T12:51:32","modified_gmt":"2018-11-01T12:51:32","slug":"elem-investments-p-ltd-v-acit-2018-172-itd-58-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/elem-investments-p-ltd-v-acit-2018-172-itd-58-hyd-trib\/","title":{"rendered":"Elem Investments (P.) Ltd.  v. ACIT (2018) 172 ITD 58  (Hyd)    (Trib.)"},"content":{"rendered":"<p>Tribunal held that the assessee\u00a0purchased the shares at Rs 155 per share and valued at Rs 10 per share as on 31-3-2002, so as to claim a notional loss in transaction of purchase of shares, though\u00a0 there was no fall in value of share of company\u00a0 in market.\u00a0 Accordingly the disallowance of loss is held to be justified . ( AY. 2002-03 to 2005 -06)<i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i):Business loss- Value of shares held as stock- Devalued in  books to evade tax &#8211; Claim being notional loss not allowable as business loss [ S.145 ]<\/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":[1],"tags":[],"class_list":["post-2775","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-IL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2775","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=2775"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2775\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}