{"id":51295,"date":"2025-02-19T11:19:24","date_gmt":"2025-02-19T05:49:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-m-m-poonjiaji-spices-ltd-2024113-itr-294-230-ttj-312-mumtrib-2\/"},"modified":"2025-04-27T11:15:52","modified_gmt":"2025-04-27T05:45:52","slug":"ito-v-m-m-poonjiaji-spices-ltd-2024113-itr-294-230-ttj-312-mumtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-m-m-poonjiaji-spices-ltd-2024113-itr-294-230-ttj-312-mumtrib-2\/","title":{"rendered":"ITO v. M. M. Poonjiaji Spices Ltd. (2024)113 ITR 294 \/230 TTJ 312\/166 taxmann.com 412 (Mum)(Trib)"},"content":{"rendered":"<p>Held that loss arising from the sale of goods and high seas sales could not be said to be a speculation loss. The order of the Commissioner (Appeals) holding it to be a regular trading loss was upheld. (AY.2001-02 to 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(1) : Business loss-Speculation loss-High seas sales not speculation loss-Allowable as business loss.  [S43(5)]<\/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-51295","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dll","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51295","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=51295"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51295\/revisions"}],"predecessor-version":[{"id":53549,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51295\/revisions\/53549"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}