{"id":1768,"date":"2018-07-15T09:03:12","date_gmt":"2018-07-15T09:03:12","guid":{"rendered":"http:\/\/itatonline.org\/digest\/shailendra-kamalkishore-jaiswal-v-acit-2018-171-itd-6-nag-trib\/"},"modified":"2018-07-15T09:03:12","modified_gmt":"2018-07-15T09:03:12","slug":"shailendra-kamalkishore-jaiswal-v-acit-2018-171-itd-6-nag-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shailendra-kamalkishore-jaiswal-v-acit-2018-171-itd-6-nag-trib\/","title":{"rendered":"Shailendra Kamalkishore Jaiswal.  v. ACIT (2018) 171 ITD 6   (Nag.)   (Trib.)"},"content":{"rendered":"<p>AO held that \u00a0the \u00a0assessee had received a property worth Rs. 48.57 lakhs without any consideration .Accordingly he added said amount to assessee&#8217;s income under section 56(2)(vii)(b) of the Act.\u00a0 Tribunal held that , since the impugned transaction was entered into on 6-6-2009, as per registered sale deed, same would not be hit by provisions of section 56(2)(vii)(b).Accordingly the addition was deleted .( AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.56: Income from other sources -Gift- Provisions of section 56(2)(vii)(b) are applicable to only those transactions which are entered into after 1-10-2009 [ S.56(2)(vii)(b) ]<\/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-1768","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-sw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1768","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=1768"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1768\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}