{"id":52004,"date":"2025-03-18T11:47:47","date_gmt":"2025-03-18T06:17:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-12\/"},"modified":"2025-03-18T11:47:47","modified_gmt":"2025-03-18T06:17:47","slug":"hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-12","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hindalco-industries-ltd-v-dy-cit-2024114-itr-502-mumtrib-12\/","title":{"rendered":"Hindalco Industries Ltd. v. Dy. CIT (2024)114 ITR 502 (Mum)(Trib)"},"content":{"rendered":"<p><em>\u00a0<\/em>The matter ought to be restored back to the Assessing Officer to examine whether the losses of bonus stripping should be allowed as there was no application of section\u00a094(8)\u00a0in the year under consideration. So far as loss on account of dividend stripping was concerned, the Assessing Officer is\u00a0 directed to examine the holding period of the units before deciding the issue because section\u00a094(7)\u00a0is\u00a0 not attracted due to the adequate holding period. (AY.2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 94 :  Avoidance of tax-Transaction in securities-Capital loss-Dividends-Transaction in securities-Dividend stripping-Profit on sale of investments set off against short-term capital loss-Matter remanded.[S.55(2(aa), 94(7), 94(8)] <\/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-52004","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dwM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52004","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=52004"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52004\/revisions"}],"predecessor-version":[{"id":52005,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52004\/revisions\/52005"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}