{"id":36317,"date":"2023-08-29T11:54:49","date_gmt":"2023-08-29T06:24:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/capgemini-technology-services-india-ltd-v-dy-cit-2022-220-ttj-409-pune-trib-5\/"},"modified":"2023-08-29T11:54:49","modified_gmt":"2023-08-29T06:24:49","slug":"capgemini-technology-services-india-ltd-v-dy-cit-2022-220-ttj-409-pune-trib-5","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/capgemini-technology-services-india-ltd-v-dy-cit-2022-220-ttj-409-pune-trib-5\/","title":{"rendered":"Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)"},"content":{"rendered":"<p>Held that the business of the amalgamating company under amalgamation continues uninterruptedly by the amalgamated company, the benefit of carry forward and set-off has to be allowed as per the mandate of S.\u00a0 74 to the amalgamated company and, therefore, the long-term capital loss of the amalgamating company is available for set-off in the hands of the assessee-amalgamated company.\u00a0 S. 72A applies only in respect of accumulated losses and unabsorbed depreciation under the head &#8220;Profits and gains of business or profession.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 74 : Losses-Capital gains-Amalgamation-Carry forward and set off-Long-term capital loss of amalgamating company-The benefit of carry forward and set-off has to be allowed to the amalgamated company-.Section  72A applies only in respect of accumulated losses and unabsorbed depreciation under the head Profits and gains of business or profession.  [S. 72A] <\/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-36317","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9rL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36317","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=36317"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36317\/revisions"}],"predecessor-version":[{"id":36318,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36317\/revisions\/36318"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}