{"id":22050,"date":"2021-10-02T12:11:47","date_gmt":"2021-10-02T06:41:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shri-lawrence-rebello-v-ito-indore-trib-www-itatonline-org\/"},"modified":"2021-10-02T12:11:47","modified_gmt":"2021-10-02T06:41:47","slug":"shri-lawrence-rebello-v-ito-indore-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-lawrence-rebello-v-ito-indore-trib-www-itatonline-org\/","title":{"rendered":"Shri Lawrence Rebello v. ITO (Indore ) ( Trib) www.itatonline .org"},"content":{"rendered":"<p>Relying on the decisions \u00a0in the case of Delilah Raj Mansukhani \u00a0\u00a0(Smt.) \u00a0v. \u00a0ITO, ITA No.3526\/Mum\/2017,dt. \u00a029.01.2021, Kaushal K. Bangia v. ITO ITA No.2349\/Mum\/2011 dt. 31 -1-2012 , and Shri Devshi Lakhamshi Dedhia v. ACIT in ITA No.5350\/Mum\/2012 held that the benefit received by the assessee in the form of bigger size of flat and amount received as hardship allowance from the developer is a capital receipt, which cannot be treated as revenue receipt for taxing as income. (ITA No.132\/Ind\/2020 dt. 29 -9 -2021) \u00a0\u00a0( AY 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013 Hardship allowance received from the Developer \u2013 Capital receipt-Not chargeable to tax. [S. 2(24)(vi)]<\/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-22050","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5JE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22050","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=22050"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22050\/revisions"}],"predecessor-version":[{"id":22051,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22050\/revisions\/22051"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}