{"id":8157,"date":"2019-11-12T07:55:19","date_gmt":"2019-11-12T07:55:19","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-shraddha-and-s-s-kale-joint-venture-2019-417-itr-439-bom-hc\/"},"modified":"2019-11-12T07:55:19","modified_gmt":"2019-11-12T07:55:19","slug":"cit-v-shraddha-and-s-s-kale-joint-venture-2019-417-itr-439-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-shraddha-and-s-s-kale-joint-venture-2019-417-itr-439-bom-hc\/","title":{"rendered":"CIT  v. Shraddha and S. S. Kale, Joint Venture . (2019) 417 ITR 439 (Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 the amendment to S.\u00a040(a)(ia)\u00a0by the\u00a0Finance Act, 2010\u00a0, was retrospective in operation with effect from April 1, 2005. The various High Courts had taken the view that the provision being a machinery provision, retrospective effect being given to it was appropriate. There was no reason as to why such view should be departed from. No question of law arose. Followed\u00a0 CIT v. Naresh Kumar (2014)362 ITR 256 ( Delhi) (HC) , CIT\u00a0 v. Omprakash R. Chaudhary\u00a0 ( 2014)3 ITR \u2013OL 282 ( Guj) (HC)\u00a0 CIT v\u00a0 Sri Scorpio\u00a0\u00a0 Engineering Ltd ( 2016) 388 ITR\u00a0 266 (Karn) (HC)\u00a0 , CIT v. Virgin Creations\u00a0 ( ITA No\u00a0 302 of 2011 dt 23-11-2011) ( Cal ) (HC) (AY. 2009 10 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.40(a)(ia):Amounts not deductible &#8211; Deduction at source \u2013<br \/>\nAmendment to S.40A(ia) by Finance Act, 2010 permitting deposit of tax deducted at source till due date for filing return  is retrospective in operation. [ S 139(1),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-8157","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-27z","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8157","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=8157"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8157\/revisions"}],"predecessor-version":[{"id":8158,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8157\/revisions\/8158"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}