{"id":5132,"date":"2019-04-24T11:53:34","date_gmt":"2019-04-24T11:53:34","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-e-i-h-ltd-2019-262-taxman-6-sc-editorial-refer-pcit-v-e-i-h-ltd-2019-103-taxmann-com-203-cal-hc-262-taxman-7-cal-hc\/"},"modified":"2019-04-24T11:53:34","modified_gmt":"2019-04-24T11:53:34","slug":"pcit-v-e-i-h-ltd-2019-262-taxman-6-sc-editorial-refer-pcit-v-e-i-h-ltd-2019-103-taxmann-com-203-cal-hc-262-taxman-7-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-e-i-h-ltd-2019-262-taxman-6-sc-editorial-refer-pcit-v-e-i-h-ltd-2019-103-taxmann-com-203-cal-hc-262-taxman-7-cal-hc\/","title":{"rendered":"PCIT v. E.I.H. Ltd.  (2019) 262 Taxman 6 (SC) Editorial : Refer PCIT v. E.I.H. Ltd. (2019) 103 taxmann.com 203 ( Cal) (HC) \/ 262 Taxman 7 ( Cal) (HC)"},"content":{"rendered":"<p>The question before\u00a0 the High\u00a0 court\u00a0 was\u00a0 whether an assessee was entitled to claim deductions under diverse provisions in respect of same income, if assessee qualified under various provisions. i.e. S.80HHD and 80-IA . Following the judgement in EIH Ltd v. CIT ( 2011) 338 ITR 503 (Cal)(HC)\u00a0 the Court held that if assessee was entitled to claim deduction under more than one head, \u00a0the assessee must be left free to do so, subject to deduction not being more than income earned under such head. \u00a0Issue had been referred to a larger bench for reconsideration in judgment in ACIT v. Micro Labs Ltd. (2016) 380 ITR 1 (SC). Following the same SLP of revenue is allowed and matter is listed along with SLP (Civil) No 19005\/ 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHD : Convertible foreign exchange \u2013Hotel- Tour operator- Double deduction under Chapter  VIA- Entitlement of deduction under diverse provisions in respect of same income- Matter referred to larger Bench. [S. 80IA]<\/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-5132","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1kM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5132","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=5132"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5132\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}