{"id":1711,"date":"2018-07-09T05:50:52","date_gmt":"2018-07-09T05:50:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-upper-india-couper-paper-mills-co-p-ltd-2018-405-itr-48-all-hc\/"},"modified":"2018-10-19T06:04:24","modified_gmt":"2018-10-19T06:04:24","slug":"cit-v-upper-india-couper-paper-mills-co-p-ltd-2018-405-itr-48-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-upper-india-couper-paper-mills-co-p-ltd-2018-405-itr-48-all-hc\/","title":{"rendered":"CIT  v.  Upper India Couper Paper Mills Co. P. Ltd. (2018)  405 ITR 48\/ 304 CTR 275\/ 169 DTR 233 (All) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the revenue the Court held that , the AO\u00a0has computed the capital gains without considering nature of right of assessee over land , accordingly the revision was held to be valid as the AO has not examined the matter in the correct perspective . Revision\u00a0by Commissioner is held to be valid(AY.2007-08, 2008-09, 2009-10\u00a0 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue -Land converted in to stock in trade -Leased property &#8211; Computation of capital gains without considering nature of right of assessee over land , accordingly the revision was held to be valid as the AO has not examined the matter in the correct perspective . [ S.45( 2) ]<\/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-1711","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-rB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1711","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=1711"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1711\/revisions"}],"predecessor-version":[{"id":2560,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1711\/revisions\/2560"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}