{"id":15463,"date":"2021-03-03T07:48:40","date_gmt":"2021-03-03T02:18:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/maria-fernandes-cheryl-v-ito-2021-bcaj-february-p-47-mum-trib\/"},"modified":"2021-03-03T07:48:40","modified_gmt":"2021-03-03T02:18:40","slug":"maria-fernandes-cheryl-v-ito-2021-bcaj-february-p-47-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/maria-fernandes-cheryl-v-ito-2021-bcaj-february-p-47-mum-trib\/","title":{"rendered":"Maria Fernandes Cheryl v. ITO ( 2021) BCAJ \u2013 February \u2013 P. 47 ( Mum) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that\u00a0 CBDT in Circular No 8 of 2018 dt .26 -12-208 (2019) 410 ITR 1 (St) has accepted that there could be various bonafide reasons explaining the small variations between sale consideration of immoveable property as disclosed by the assessee and Stamp duty valuation . Tribunal held that,\u00a0 insertion of the proviso and subsequent enhancement in its limits to 10%\u00a0 were curative in nature and therefore the same\u00a0 relates back to the date when the statutory provision of\u00a0 section 50C was enacted . i. e . 1 st April , 2003. ( ITA No. 4850\/Mum\/ 2019 dt 15 -1 2021 ) ( AY. 2011-12)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50C : Capital gains &#8211; Full value of consideration &#8211; Stamp valuation \u2013 Insertion of the proviso and subsequent enhancement in its limits to 10% &#8211; Curative in nature \u2013 Relates back to the date when the statutory provision of  section 50C was enacted . i. e . 1 st April , 2003 [ S.43CA, 45, 56  ] <\/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-15463","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-41p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15463","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=15463"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15463\/revisions"}],"predecessor-version":[{"id":15464,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15463\/revisions\/15464"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}