{"id":3871,"date":"2019-02-08T06:10:44","date_gmt":"2019-02-08T06:10:44","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-triforce-infrastructure-india-pvt-ltd-bom-hc-ur-editorial-dcit-v-triforce-infrastructure-india-pvt-ltd-smc-mum-trib-ita-no-1890-mum-2014-dt-12-06-2015-is-affirmed\/"},"modified":"2019-02-08T06:10:44","modified_gmt":"2019-02-08T06:10:44","slug":"pcit-v-triforce-infrastructure-india-pvt-ltd-bom-hc-ur-editorial-dcit-v-triforce-infrastructure-india-pvt-ltd-smc-mum-trib-ita-no-1890-mum-2014-dt-12-06-2015-is-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-triforce-infrastructure-india-pvt-ltd-bom-hc-ur-editorial-dcit-v-triforce-infrastructure-india-pvt-ltd-smc-mum-trib-ita-no-1890-mum-2014-dt-12-06-2015-is-affirmed\/","title":{"rendered":"PCIT v. Triforce Infrastructure ( India ) Pvt.Ltd ( Bom) ( HC) (UR) Editorial: DCIT v Triforce Infrastructure ( India ) Pvt.Ltd  (SMC) ( Mum) (Trib)( ITA No .1890 \/Mum\/ 2014 dt 12-06-2015) is affirmed ."},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the assessee has amended the object clause to carry on business in futures and options , accordingly \u00a0the \u00a0Tribunal is justified in allowing the loss on futures and options \u00a0allowable as business loss and not as speculation . ( ITA No 888 of 2016 dt. 11-12-2018) ( AY. 2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i): Business loss \u2013 Main object of the company \u2013 Infrastructure- Amended clause to  carry on business of shares futures and options- Speculation- Futures and options- Amendment in object clause to carry on business in futures and options- Loss is allowable as business loss [ S. 43(5,73 ]<\/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":[1],"tags":[],"class_list":["post-3871","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-10r","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3871","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=3871"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3871\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}