{"id":14178,"date":"2020-12-06T06:45:45","date_gmt":"2020-12-06T06:45:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-justice-t-s-arunachalam-202078-itr-290-chennai-trib\/"},"modified":"2020-12-06T06:45:45","modified_gmt":"2020-12-06T06:45:45","slug":"acit-v-justice-t-s-arunachalam-202078-itr-290-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-justice-t-s-arunachalam-202078-itr-290-chennai-trib\/","title":{"rendered":"ACIT v .Justice T. S. Arunachalam (2020)78 ITR 290 ( Chennai ) (Trib)"},"content":{"rendered":"<p>Tribunal held that the amount remained as deposit in a nationalised bank until it was utilised for the construction of the residential house. The assessee had proceeded to comply with the provisions of S. \u00a054\u00a0but had only made a small technical breach which should not disentitle the assessee for the benefit of S.54\u00a0. Therefore, the Assessing Officer was directed to grant the benefit of S.\u00a054\u00a0to the assessee.( AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54 : Capital gains &#8211; Profit on sale of property used for residence -Depositing entire sale proceeds in savings bank account- construction of house \u2013 Not depositing the amount in specified bank  account &#8211; Technical breach \u2014Entitled to exemption [ S.45, 54(2),54F ] <\/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":[21],"tags":[],"class_list":["post-14178","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3GG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14178","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=14178"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14178\/revisions"}],"predecessor-version":[{"id":14179,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14178\/revisions\/14179"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}