{"id":36056,"date":"2023-08-28T16:26:35","date_gmt":"2023-08-28T10:56:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-piramal-enterprises-ltd-2022-216-ttj-802-mumtrib-3\/"},"modified":"2023-08-28T16:26:35","modified_gmt":"2023-08-28T10:56:35","slug":"dy-cit-v-piramal-enterprises-ltd-2022-216-ttj-802-mumtrib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-piramal-enterprises-ltd-2022-216-ttj-802-mumtrib-3\/","title":{"rendered":"Dy. CIT v. Piramal Enterprises Ltd. (2022) 216 TTJ 802 (Mum)(Trib)"},"content":{"rendered":"<p>Held that the\u00a0 long-term capital loss arose to the assessee-company on redemption of preference shares of another company at par only on account of indexation which is statutorily provided to the assessee. The\u00a0 loss cannot be treated as a colourable device, the\u00a0\u00a0 long-term capital loss is allowable. (AY.2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Capital loss-Indexation-Loss on redemption of shares-Not colorable device-Allowable as capital loss. <\/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-36056","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9ny","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36056","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=36056"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36056\/revisions"}],"predecessor-version":[{"id":36057,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36056\/revisions\/36057"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}