{"id":14812,"date":"2021-01-03T15:15:29","date_gmt":"2021-01-03T15:15:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/satish-kumar-agarwal-v-pcit-2020-82-itr-40-snjaipur-trib\/"},"modified":"2021-01-03T15:15:29","modified_gmt":"2021-01-03T15:15:29","slug":"satish-kumar-agarwal-v-pcit-2020-82-itr-40-snjaipur-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/satish-kumar-agarwal-v-pcit-2020-82-itr-40-snjaipur-trib\/","title":{"rendered":"Satish Kumar Agarwal v. PCIT (2020) 82 ITR 40 (SN)(Jaipur ) (Trib)"},"content":{"rendered":"<p>Tribunal held that\u00a0 the land held by\u00a0 the assessee was agricultural land which was not a capital asset which excludes agricultural land out of\u00a0 the definition of\u00a0 capital asset.\u00a0 The Tribunal also held that the\u00a0 assessee \u00a0had sold the agricultural land at a\u00a0 consideration which was more than the District level Committee rate. Accordingly, there was no justification for making any addition under S.\u00a050C of the Act. Revision is held to be bad in law . \u00a0( AY..2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50C : Capital gains &#8211; Full value of consideration &#8211; Stamp valuation  -Agricultural land \u2013  Not a  capita  asset-  A sale consideration more than the district committee rate &#8211; Addition cannot be made \u2013 Revision is held to be bad in law .  [ S. 2(14), 45,  263 ] <\/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-14812","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3QU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14812","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=14812"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14812\/revisions"}],"predecessor-version":[{"id":14813,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14812\/revisions\/14813"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}