{"id":34113,"date":"2023-04-22T17:45:23","date_gmt":"2023-04-22T12:15:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-eih-ltd-2022-329-ctr-101-218-dtr-395-cal-hc\/"},"modified":"2023-04-22T17:45:23","modified_gmt":"2023-04-22T12:15:23","slug":"pcit-v-eih-ltd-2022-329-ctr-101-218-dtr-395-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-eih-ltd-2022-329-ctr-101-218-dtr-395-cal-hc\/","title":{"rendered":"PCIT v. EIH Ltd ( 2022) 329 CTR 101\/ 218 DTR 395 ( Cal)( HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that the surplus amount received on the transfer of two hotels consideration of which was settled by the issuance of preference shares and debentures are not assessable as slump sale. The order of the tribunal is affirmed. ( AY . 2007 -08)<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains \u2013 Slump sale \u2013 Transfer of business undertaking- Specified hotels \u2013 Issue of preference shares and debentures \u2013 Exchange \u2013 Cannot be assessed as slump sale   [ S. 2(42C) , 2(47), 45 ] <\/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-34113","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Sd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34113","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=34113"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34113\/revisions"}],"predecessor-version":[{"id":34114,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34113\/revisions\/34114"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}