{"id":4313,"date":"2019-03-09T15:32:57","date_gmt":"2019-03-09T15:32:57","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vijay-industries-v-cit-sc-www-itatonline-org\/"},"modified":"2019-09-08T14:54:40","modified_gmt":"2019-09-08T14:54:40","slug":"vijay-industries-v-cit-sc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vijay-industries-v-cit-sc-www-itatonline-org\/","title":{"rendered":"Vijay Industries v. CIT( 2019) 402 ITR 1\/ 175 DTR 321\/ 307 CTR 486 \/ 264 Taxman 265  (SC), www.itatonline.orgEditorial: Vijay Industries v. CIT ( 2004)270 ITR 175\/ 190 CTR 90 (Raj) (HC)"},"content":{"rendered":"<p>Deduction has to be computed <strong>on the \u2018profits and gains\u2019, without deducting therefrom \u2018depreciation\u2019 and \u2018investment allowance\u2019 &amp; not from \u2018income\u2019 as computed under the Act. S. 80AB is prospective. Motilal Pesticides (I) Pvt\u00a0Ltd v. CIT ( 2000) 243 ITR 26 (SC) is reversed<\/strong><strong>)<\/strong>(CA Nos. 1581-1582 \u00a0of 2005, dt. 01.03.2019)( AY.1979 -80 , 1980-81)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HH :Newly established industrial undertakings \u2013Income -Profits and gains-Deduction has to be computed on the profits and gains  without deducting therefrom \u2018depreciation\u2019 and \u2018investment allowance\u2019 &#038; not from income as computed under the Act. S. 80AB is prospective.  [  S.80AB, 80I]<\/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-4313","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-17z","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4313","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=4313"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4313\/revisions"}],"predecessor-version":[{"id":7161,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4313\/revisions\/7161"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}