{"id":5779,"date":"2019-06-14T12:31:51","date_gmt":"2019-06-14T12:31:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/gold-line-exports-v-ito-2019-412-itr-465-mad-hc\/"},"modified":"2019-06-14T12:31:51","modified_gmt":"2019-06-14T12:31:51","slug":"gold-line-exports-v-ito-2019-412-itr-465-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gold-line-exports-v-ito-2019-412-itr-465-mad-hc\/","title":{"rendered":"Gold Line Exports  v. ITO (2019) 412 ITR 465 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the appeal of the aasessee the Court held that the assessee was entitled to take only the net amount of the sale value of the duty entitlement pass book credit after deducting the face value for the purpose of section\u00a080HHC\u00a0of the\u00a0Income-tax Act, 1961\u00a0while applying Explanation (baa) of the provision. Duty entitlement pass book credit is chargeable as income u\/s 28(iiid) of the Act. Followed\u00a0 Topman\u00a0 Export v. CIT ( 2012) 342 ITR 49 (SC) (AY. 2003 -04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC : Export business\u2013Duty entitlement pass book credit-  Entitled to take only net amount of sale value after deducting face value. [S.28(iiid)].<\/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-5779","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1vd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5779","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=5779"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5779\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}