{"id":10705,"date":"2020-03-22T06:45:02","date_gmt":"2020-03-22T06:45:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/n-ramaswamy-v-ito-2020-180-itd-702-chennaitrib\/"},"modified":"2021-06-21T07:50:38","modified_gmt":"2021-06-21T02:20:38","slug":"n-ramaswamy-v-ito-2020-180-itd-702-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/n-ramaswamy-v-ito-2020-180-itd-702-chennaitrib\/","title":{"rendered":"N. Ramaswamy v. ITO (2020) 180 ITD 702 \/ 190 DTR 374\/ 205 TTJ 803(Chennai)(Trib.)"},"content":{"rendered":"<p>Tribunal held that in view of definition as mentioned in S. 2(47)(vi), transaction of perpetual lease agreement by which assessee took possession of property for unlimited period, has to be construed as purchase of property within meaning of S. 54F of the Act. Tribunal also held that even otherwise, in terms of S.\u00a0 269UA(2)(iii)(f), acquisition of property by perpetual lease exceeding period of twelve years, has to be construed as purchase within meaning of S.\u00a0 54F of the Act hence eligible for deduction. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54F : Capital gains-Investment in a residential house-Perpetual lease\u2013Purchase of property-Entitle for  exemption. [S. 2(47)(vi), 45, 269UA]<\/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-10705","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2MF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10705","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=10705"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10705\/revisions"}],"predecessor-version":[{"id":19555,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10705\/revisions\/19555"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}