{"id":45771,"date":"2024-09-07T20:52:03","date_gmt":"2024-09-07T15:22:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shriram-transport-finance-co-ltd-v-ito-osd-2024460-itr-66-madhc-3\/"},"modified":"2024-09-07T20:52:03","modified_gmt":"2024-09-07T15:22:03","slug":"shriram-transport-finance-co-ltd-v-ito-osd-2024460-itr-66-madhc-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shriram-transport-finance-co-ltd-v-ito-osd-2024460-itr-66-madhc-3\/","title":{"rendered":"Shriram Transport Finance Co. Ltd. v. ITO (OSD) (2024)460 ITR 66 (Mad)(HC)"},"content":{"rendered":"<p>Held that\u00a0\u00a0 the appellate authorities rendered concurrent findings in favour of the assessees, to the effect that the derivative contracts, foreign exchange transactions against fluctuations in interest rates were hedging transactions and the loss arising out of them was allowable as business loss. This was justified..(AY.2003-04 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i): Business loss-Derivative contracts-Foreign Exchange  fluctuations-Allowable as business loss.[S. 37(1)] <\/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-45771","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bUf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45771","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=45771"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45771\/revisions"}],"predecessor-version":[{"id":45772,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45771\/revisions\/45772"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}