{"id":34115,"date":"2023-04-22T17:48:07","date_gmt":"2023-04-22T12:18:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-kbd-sugar-distilleries-ltd-2022-220-dtr-483-144-taxmann-com-38-karn-hc-2\/"},"modified":"2023-04-22T17:48:07","modified_gmt":"2023-04-22T12:18:07","slug":"cit-v-kbd-sugar-distilleries-ltd-2022-220-dtr-483-144-taxmann-com-38-karn-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-kbd-sugar-distilleries-ltd-2022-220-dtr-483-144-taxmann-com-38-karn-hc-2\/","title":{"rendered":"CIT v. KBD Sugar &#038; Distilleries Ltd. (2022) 220 DTR 483 \/ 144 taxmann.com 38 (Karn) (HC)"},"content":{"rendered":"<p>Where assessee was denied set-off of brought forward losses of a demerged unit under section 72A on pretext that it was not sold as a going concern and did not satisfy demerger defined under section 2(19AA), it would be incongruous to construe sub-clause (vi) of section 2(19AA) as to mean a running unit and, therefore, impugned denial of benefit of section 72A was unjustified (AY.2007 -08 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 72A : Carry forward and set off of accumulated loss and unabsorbed depreciation \u2013 Amalgamation \u2013 Demerger \u2013 [ S. 2(19AA) ] <\/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-34115","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Sf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34115","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=34115"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34115\/revisions"}],"predecessor-version":[{"id":34116,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34115\/revisions\/34116"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}