{"id":30961,"date":"2022-12-07T10:56:10","date_gmt":"2022-12-07T05:26:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ashok-leyland-ltd-v-cit-2022-447-itr-661-sc-editorial-cit-v-ashok-leyland-ltd-2008-297-itr-107-mad-hc-affirmed\/"},"modified":"2023-03-28T15:37:49","modified_gmt":"2023-03-28T10:07:49","slug":"ashok-leyland-ltd-v-cit-2022-447-itr-661-sc-editorial-cit-v-ashok-leyland-ltd-2008-297-itr-107-mad-hc-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ashok-leyland-ltd-v-cit-2022-447-itr-661-sc-editorial-cit-v-ashok-leyland-ltd-2008-297-itr-107-mad-hc-affirmed\/","title":{"rendered":"Ashok Leyland Ltd. v. CIT (2022) 447 ITR 661\/ 219 DTR 498\/ 329 CTR 462 \/ (2023) 290 Taxman 120    (SC) Editorial : CIT v. Ashok Leyland Ltd (2008) 297 ITR 107 (Mad.)(HC), affirmed."},"content":{"rendered":"<p>Held that unabsorbed loss should be deducted to arrive at the profits for the purpose of calculation of deduction under section\u00a080HHC\u00a0of the\u00a0Income-tax Act, 1961. Followed CIT v. Shirke Construction Equipment\u00a0 Ltd (2007) 291 ITR 380(SC)\/\u00a0 14 SCC 787 <em>\u00a0(<\/em>AY.1990-91)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC : Export business-Unabsorbed losses to be taken into account before computing  deduction.  <\/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-30961","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-83n","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30961","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=30961"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30961\/revisions"}],"predecessor-version":[{"id":33433,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30961\/revisions\/33433"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}