{"id":37394,"date":"2023-09-07T14:48:34","date_gmt":"2023-09-07T09:18:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/citit-v-siemens-nixdorf-information-systemse-gmbh-2023-453-itr-741-293-taxman-1-sc-editorial-cit-v-siemens-nixdorf-information-systemse-gmbh-2020-114-taxmann-com-531-bomhc-affirmed\/"},"modified":"2023-09-07T14:48:34","modified_gmt":"2023-09-07T09:18:34","slug":"citit-v-siemens-nixdorf-information-systemse-gmbh-2023-453-itr-741-293-taxman-1-sc-editorial-cit-v-siemens-nixdorf-information-systemse-gmbh-2020-114-taxmann-com-531-bomhc-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/citit-v-siemens-nixdorf-information-systemse-gmbh-2023-453-itr-741-293-taxman-1-sc-editorial-cit-v-siemens-nixdorf-information-systemse-gmbh-2020-114-taxmann-com-531-bomhc-affirmed\/","title":{"rendered":"CIT(IT) v. Siemens Nixdorf Information Systemse Gmbh (2023) 453 ITR 741 \/ 293 Taxman 1 (SC) Editorial : CIT v. Siemens Nixdorf Information Systemse GmbH (2020) 114 taxmann.com 531 (Bom)(HC) affirmed."},"content":{"rendered":"<p>The High Court held that the loan given by the assessee to its subsidiary in India constituted a capital asset within the meaning of section\u00a02(14)\u00a0of the\u00a0Income-tax Act, 1961\u00a0and the consideration received when it was assigned\u00a0 was a short-term capital loss. On a petition for special leave to appeal to the Supreme Court dismissing the petition the Court held that\u00a0\u00a0 the Tribunal had given strong reasons for holding that the transaction would come within the meaning of section\u00a02(14)\u00a0of the Act. Order of\u00a0 High Court affirmed.\u00a0 (AY. 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains -Capital loss -Capital asset &#8211; Loan given to  its subsidiary in India -Short-term capital loss \u2014Order of High Court affirmed -SLP of Revenue dismissed.   [S. 2(14),  Art, 136]  <\/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-37394","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9J8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37394","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=37394"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37394\/revisions"}],"predecessor-version":[{"id":37395,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37394\/revisions\/37395"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}