{"id":30613,"date":"2022-10-30T15:22:10","date_gmt":"2022-10-30T09:52:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-damodar-valley-corporation-2022-209-dtr-401-324-ctr-462-cal-hc\/"},"modified":"2022-10-30T15:22:10","modified_gmt":"2022-10-30T09:52:10","slug":"pcit-v-damodar-valley-corporation-2022-209-dtr-401-324-ctr-462-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-damodar-valley-corporation-2022-209-dtr-401-324-ctr-462-cal-hc\/","title":{"rendered":"PCIT v. Damodar Valley Corporation (2022) 209 DTR 401 \/324 CTR 462 (Cal.) (HC)"},"content":{"rendered":"<p>The provisions of section 115JB would be applicable only to entities registered and recognised to be companies under the Companies Act, 1956. Thus, in the case of taxpayer being a corporation established under Damodar Valley Corporation Act, 1948 and not registered under the Companies Act, 1948, the provisions of section 115JB would not apply. Explanation 3 to section 115JB inserted by the Finance Act, 2012 w.e.f. 01.04.2013 has prospective effect and thus would apply only from AY. 2013-14 onwards and not for the year under consideration. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB : Provisions of section 11JB will not apply to the taxpayer being a corporation established under Damodar Valley Corporation Act, 1948.[ Damodar Valley Corporation Act, 1948  ] <\/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-30613","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7XL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30613","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=30613"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30613\/revisions"}],"predecessor-version":[{"id":30614,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30613\/revisions\/30614"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}