{"id":41321,"date":"2024-04-04T14:32:16","date_gmt":"2024-04-04T09:02:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/tmf-holdings-ltd-v-pcit-2023101-itr-423-mum-trib\/"},"modified":"2024-04-04T14:32:16","modified_gmt":"2024-04-04T09:02:16","slug":"tmf-holdings-ltd-v-pcit-2023101-itr-423-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/tmf-holdings-ltd-v-pcit-2023101-itr-423-mum-trib\/","title":{"rendered":"TMF Holdings Ltd. v. PCIT (2023)101 ITR 423 (Mum) (Trib)"},"content":{"rendered":"<p>Held, that as the transaction of slump sale was covered under section\u00a047(iv)\u00a0and was not a \u201ctransfer\u201d within the Act, the findings of the Principal Commissioner was not sustainable. There was no prejudice caused to the interests of the Revenue since the twin conditions to invoke section\u00a0263\u00a0were not satisfied. The order passed under section\u00a0263\u00a0was set aside.(AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Slump sale-Exemption-Exemption denied in revision-Computation of book profits objected-Transaction not \u2018Transfer\u2019-AO conforming to legal standards to compute books of accounts-Transactions between subsidiaries not amenable to book profits computation-Revision not justified.[S. 45,47(iv), 115JB]<\/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-41321","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aKt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41321","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=41321"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41321\/revisions"}],"predecessor-version":[{"id":41322,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41321\/revisions\/41322"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}