{"id":1420,"date":"2018-06-22T16:47:23","date_gmt":"2018-06-22T16:47:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/mani-k-thomas-v-cgt-2018-404-itr-257-ker-hc\/"},"modified":"2018-06-22T16:47:23","modified_gmt":"2018-06-22T16:47:23","slug":"mani-k-thomas-v-cgt-2018-404-itr-257-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mani-k-thomas-v-cgt-2018-404-itr-257-ker-hc\/","title":{"rendered":"Mani K. Thomas  v. CGT (2018) 404 ITR 257 (Ker) (HC)"},"content":{"rendered":"<p>Allowing the reference the Court held that Court \u00a0the specific contention of the assessee that the induction of new partners was in the course of the business to develop the business of the firm was not considered by the Tribunal. The order of the Tribunal was not sustainable either on the facts or in law.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gift -tax Act, 1958 <\/p>\n<p>S.4:Gifts to include certain transfers  \u2014 Firm \u2014 Induction of new partners to develop the business of the firm  \u2014Reallocation of shares  will not amount to gift hence not liable to gift tax . [ S. 4(1)(a),26(6)]<\/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-1420","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-mU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1420","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=1420"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1420\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}