{"id":36625,"date":"2023-09-01T17:45:48","date_gmt":"2023-09-01T12:15:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-jagson-international-ltd-2022-97-itr-176-delhi-trib-4\/"},"modified":"2023-09-01T17:45:48","modified_gmt":"2023-09-01T12:15:48","slug":"dy-cit-v-jagson-international-ltd-2022-97-itr-176-delhi-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-jagson-international-ltd-2022-97-itr-176-delhi-trib-4\/","title":{"rendered":"Dy. CIT v.Jagson International Ltd. (2022) 97 ITR 176 (Delhi) (Trib)"},"content":{"rendered":"<p>The Tribunal held that since the provisions of section\u00a0115VO\u00a0of the Act provided that the profit derived by the tonnage tax company was to be excluded from the book profits of the company for the purpose of section\u00a0115JB\u00a0of the Act, the Commissioner (Appeals) was justified in directing the Assessing Officer to exclude the income derived from shipping activities from the computation of book profits.(AY.2012-13 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB : Book profit-Shipping company-Profits derived by tonnage tax is  excluded from book profits.[S. 115VO] <\/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-36625","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9wJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36625","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=36625"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36625\/revisions"}],"predecessor-version":[{"id":36626,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36625\/revisions\/36626"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}