{"id":5839,"date":"2019-06-19T12:46:17","date_gmt":"2019-06-19T12:46:17","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-om-metal-infraproject-ltd-2019-176-itd-202-jaipurtrib\/"},"modified":"2019-06-19T12:46:17","modified_gmt":"2019-06-19T12:46:17","slug":"acit-v-om-metal-infraproject-ltd-2019-176-itd-202-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-om-metal-infraproject-ltd-2019-176-itd-202-jaipurtrib\/","title":{"rendered":"ACIT   v.  Om Metal Infraproject Ltd.  (2019) 176 ITD 202 (Jaipur)(Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue, the Tribunal held that, share of profit from AOP which is exempt under S.86 of the Act. Accordingly\u00a0 due to insertion of clause (iic) in Explanation 1 to section 115JB by Finance Act, 2005, w.e.f. 1-4-2016, which is retrospective in nature, share income would not be included while computing total income for purpose \u00a0of S.115JB of the Act. (AY. 2010-11 to 2013 -14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB :  Book profit &#8211;  Share of profit from AOP- Insertion of clause (iic) in Explanation 1 to section 115JB by Finance Act, 2005, w.e.f. 1-4-2016, is retrospective in nature- Share income would not be included while computing total income for purpose of book profit [ S. 67A, 86]<\/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-5839","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1wb","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5839","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=5839"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5839\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}