{"id":16135,"date":"2021-03-30T19:48:16","date_gmt":"2021-03-30T14:18:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-manoj-arjun-menda-2021-bcaj-march-p-38-bang-trib\/"},"modified":"2021-03-30T19:48:16","modified_gmt":"2021-03-30T14:18:16","slug":"acit-v-manoj-arjun-menda-2021-bcaj-march-p-38-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-manoj-arjun-menda-2021-bcaj-march-p-38-bang-trib\/","title":{"rendered":"ACIT v. Manoj Arjun Menda ( 2021) BCAJ- March .P. 38 ( Bang) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue\u00a0 the Tribunal held that\u00a0 Sale consideration disclosed in the share purchase agreement ought to be adopted for calculating long term capital gains . There is no provision in the Act authorising the Assessing Officer to refer valuation of shares transferred for the purpose of\u00a0 calculating capital gains . Section 50CA of the Act , inserted w.e.f ist April\u00a0 2018 indicates that the prior to that date there was no provision under the Act authorising the Assessing Officer to refer for valuation of shares for the purpose of calculating capital gains. ( ITA No. 1710\/ Bang \/2016\u00a0 dt 4 -1 -2021 ) (AY. 2012 -13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains \u2013 Valuation of shares \u2013 Sale consideration disclosed in the share purchase agreement ought to be adopted for calculating long term capital gains .  [ S.48 , 50CA ] <\/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-16135","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4cf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16135","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=16135"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16135\/revisions"}],"predecessor-version":[{"id":16136,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16135\/revisions\/16136"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}