{"id":11355,"date":"2020-05-15T10:56:21","date_gmt":"2020-05-15T10:56:21","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-manohar-h-kakwani-bom-hc-ur-editorial-slp-of-revenue-is-dismissed-slp-no-18498-of-2019-dt-02-08-20192019-416-itr-125-st-sc\/"},"modified":"2020-05-15T10:56:21","modified_gmt":"2020-05-15T10:56:21","slug":"pcit-v-manohar-h-kakwani-bom-hc-ur-editorial-slp-of-revenue-is-dismissed-slp-no-18498-of-2019-dt-02-08-20192019-416-itr-125-st-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-manohar-h-kakwani-bom-hc-ur-editorial-slp-of-revenue-is-dismissed-slp-no-18498-of-2019-dt-02-08-20192019-416-itr-125-st-sc\/","title":{"rendered":"PCIT v. Manohar H. Kakwani. (Bom) (HC) (UR) Editorial: SLP of revenue is dismissed (SLP No.18498 of 2019 dt.02\/08\/2019)(2019) 416 ITR 125 (St.)(SC)"},"content":{"rendered":"<p>There was no cost of acquisition of the TDR, hence in absence of the cost of acquisition of the development rights, the TDR cannot be taxed as a capital gain. (Arising out of ITA No.7582\/Mum.\/2014 dt.09\/10\/2015)(ITA No.822 of 2016, dt.07\/01\/2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.45: Capital gains \u2013 No cost of acquisition of TDR (Development rights) \u2013 Not liable to capital gain tax.<\/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-11355","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2X9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11355","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=11355"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11355\/revisions"}],"predecessor-version":[{"id":11356,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11355\/revisions\/11356"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}