{"id":5853,"date":"2019-06-20T10:28:10","date_gmt":"2019-06-20T10:28:10","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-trident-minerals-2019-413-itr-461-karn-hc\/"},"modified":"2019-11-01T05:05:06","modified_gmt":"2019-11-01T05:05:06","slug":"cit-v-trident-minerals-2019-413-itr-461-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-trident-minerals-2019-413-itr-461-karn-hc\/","title":{"rendered":"CIT  v.  Trident Minerals.( 2018) 100 taxman.com 161 \/  (2019) 413 ITR 461 (Karn.)(HC) Editorial: SLP is granted to the revenue  CIT  v.  Trident Minerals ( 2019) 265 Taxman  556 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; firm which is entitle to\u00a0 exemption merged with another firm which is entitle to exemption. Accordingly the new firm is entitle to exemption. Referred Circular No. 1 of 2013, dated January 17, 2013 ([2013] 350 ITR (St.) 34), granted deduction to the undertaking. Therefore, as long as the undertakings remained eligible for deduction under section 10B of the Act, the deduction could not be denied merely on the ground that there had been a merger of the firms which owned the undertakings. (AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10B : Export oriented undertakings-Undertaking-Merger of two firms- Firm which is entitle to  exemption merged with another firm which is entitle to exemption-New firm is entitle to exemption. [S. 10B(9), 10B(9A)]<\/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-5853","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1wp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5853","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=5853"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5853\/revisions"}],"predecessor-version":[{"id":7957,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5853\/revisions\/7957"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}