{"id":48916,"date":"2024-12-16T15:45:39","date_gmt":"2024-12-16T10:15:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-7\/"},"modified":"2024-12-16T15:45:39","modified_gmt":"2024-12-16T10:15:39","slug":"dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-7","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-reliance-industries-ltd-2024109-itr-180-mumtrib-7\/","title":{"rendered":"Dy. CIT v. Reliance Industries Ltd. (2024)109 ITR 180 (Mum)(Trib)"},"content":{"rendered":"<p>Held, that the Tribunal had held in the assessment year 2016-17 that the long-term capital loss declared by the assessee on sale of non-cumulative compulsory convertible preference shares could not be disallowed. The view taken by the Commissioner (Appeals) on this issue in the assessment year 2017-18 is\u00a0 proper. (AY.2017-18, 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45: Capital gains 1Loss 1Short-term capital loss arising from cancellation of  non-cumulative compulsory convertible preference shares \u2013Disallowance of loss is proper. <\/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-48916","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cIY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48916","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=48916"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48916\/revisions"}],"predecessor-version":[{"id":48917,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48916\/revisions\/48917"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}