{"id":9746,"date":"2020-02-09T14:32:28","date_gmt":"2020-02-09T14:32:28","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-state-bank-of-india-2019-181-dtr-275-2020-420-itr-376-bomhcwww-itatonline-org\/"},"modified":"2021-05-05T16:55:30","modified_gmt":"2021-05-05T11:25:30","slug":"pcit-v-state-bank-of-india-2019-181-dtr-275-2020-420-itr-376-bomhcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-state-bank-of-india-2019-181-dtr-275-2020-420-itr-376-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 , deduction to be allowed on gross income . Followed\u00a0 CIT v. Modern Terry Towers Ltd (2013) 357 ITR 750 (Bom) (HC) (756) \u00a0, court held that principle computing deduction u\/s 80HHC of the Act\u00a0 cannot be imported in to S. 80M of the Act. \u201c The provisions of section 80HHC are entirely different from those of sections 80M and 80AA. There is no basis for importing the provisions of section 80HHC with section 80M . The same does not lead to a satisfactory computation of the net dividend under section 80M\u201d \u00a0\u00a0\u00a0( ITA No. 718 of 2017, dt. 18.06.2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80M : Inter corporate dividends \u2013 Deduction to be on gross income and not on net income. [ S.80HHC ] <\/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-9746","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9746","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=9746"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9746\/revisions"}],"predecessor-version":[{"id":17631,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9746\/revisions\/17631"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}