{"id":7701,"date":"2019-10-08T15:20:22","date_gmt":"2019-10-08T15:20:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-state-bank-of-india-2019-181-dtr-275-bomhcwww-itatonline-org\/"},"modified":"2021-05-05T16:57:36","modified_gmt":"2021-05-05T11:27:36","slug":"pcit-v-state-bank-of-india-2019-181-dtr-275-bomhcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-state-bank-of-india-2019-181-dtr-275-bomhcwww-itatonline-org\/","title":{"rendered":"PCIT v. State Bank of India  ( 2019) 181 DTR 275 \/ (2020) 420 ITR 376\/ 314 CTR 542 (Bom)(HC),www.itatonline.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that Loss of Rs 16 , 84 481 on account of loss on revaluation of permanent category investments\u00a0 is held to be allowable as business loss .No question of law. Followed CIT v .Union Bank of India ,ITA No. 1977 of 2013 dt 8 -02 -2016) \u00a0\u00a0( ITA No. 718 of 2017, dt. 18.06.2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss \u2013 Loss on revaluation of permanent category investments \u2013 Held to be allowable as business loss [ S.260A ]<\/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-7701","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-20d","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7701","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=7701"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7701\/revisions"}],"predecessor-version":[{"id":17632,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7701\/revisions\/17632"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}