{"id":14818,"date":"2021-01-03T15:31:40","date_gmt":"2021-01-03T15:31:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/devika-gunasheela-dr-v-jcit-202082-itr-23-185-itd-408-snbang-trib\/"},"modified":"2022-01-28T19:07:38","modified_gmt":"2022-01-28T13:37:38","slug":"devika-gunasheela-dr-v-jcit-202082-itr-23-185-itd-408-snbang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/devika-gunasheela-dr-v-jcit-202082-itr-23-185-itd-408-snbang-trib\/","title":{"rendered":"Devika Gunasheela (Dr.) v. JCIT (2020)82 ITR 23  (SN) 185 ITD 408 \/ (2021 )) 209 TTJ 931\/ 199 DTR 157 (Bang) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that owning a vacant land is cannot be considered as owning of residential property hence\u00a0 investment is residential house is eligible for deduction . Fair market value as on 1 -4 -1981 which is higher than guidelines value has to be considered for\u00a0 determining gthe market value as on 1-4 -1981\u00a0 Followed , Krishna Bajaj\u00a0 (Smt.)\u00a0 v.\u00a0 ACIT<a href=\"http:\/\/www.taxlawsonline.com\/%5b2014%5d%20267%20CTR%200172\">[2014) 267\u00a0 CTR\u00a0 172<\/a>\u00a0(Karn) (HC). ( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.54F : Capital gains- Investment in a residential house -Vacant land \u2013 Not residential property \u2013 Entitle to exemption-  Cost of  acquisition \u2014 Fair market value ass on 1-4-1981 \u2014Higher than guidelines value \u2013 Estimate is held to be reasonable .  [S.45, 55(2)(b) (1)  ]<\/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-14818","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3R0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14818","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=14818"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14818\/revisions"}],"predecessor-version":[{"id":24334,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14818\/revisions\/24334"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}