{"id":10058,"date":"2020-02-22T09:27:33","date_gmt":"2020-02-22T09:27:33","guid":{"rendered":"http:\/\/itatonline.org\/digest\/bairang-naredi-v-ito-ranchi-trib-2020-ctcj-feb-p-121\/"},"modified":"2020-02-22T09:27:33","modified_gmt":"2020-02-22T09:27:33","slug":"bairang-naredi-v-ito-ranchi-trib-2020-ctcj-feb-p-121","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bairang-naredi-v-ito-ranchi-trib-2020-ctcj-feb-p-121\/","title":{"rendered":"Bairang Naredi v. ITO (Ranchi) (Trib.) (2020) CTCJ-Feb-P.121"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that\u00a0 the purchase transaction was completed in the financial\u00a0 year\u00a0 2011-12 as the assessee has paid the\u00a0 entire consideration and took the possession. It is only the registration of document was pending which was registered in the A.Y. 2014-15, accordingly the\u00a0 amended provision is not applicable hence no addition can be made taking in to value of\u00a0 difference between value on the date of registration and actual consideration. (ITA No. 327\/Ran\/2018 dt. 20-1-2020) (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources\u2013Registration of agreement\u2013 Consideration received preceding year and possession was also taken\u2013Amended provision is not applicable\u2013No addition can be made taking in to value of  difference between value on the date of registration and actual consideration. [S. 45, 56(2)(vii)(b)]<\/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-10058","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Ce","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10058","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=10058"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10058\/revisions"}],"predecessor-version":[{"id":10059,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10058\/revisions\/10059"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}