{"id":2240,"date":"2018-09-06T01:09:40","date_gmt":"2018-09-06T01:09:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-elegant-estates-2018-256-taxman-433-mad-hc\/"},"modified":"2018-10-16T08:34:52","modified_gmt":"2018-10-16T08:34:52","slug":"cit-v-elegant-estates-2018-256-taxman-433-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-elegant-estates-2018-256-taxman-433-mad-hc\/","title":{"rendered":"CIT  v.  Elegant Estates. (2018)407 ITR 425\/ 256 Taxman 433 (Mad) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ,amendment brought on 1-4-2010 vide clause (f) to section 80IB(10) barring such sale to related persons is prospective in nature . Since sale of flats by assessee took place in 2008 i.e., long before such amendment of section 80IB, deduction was to be allowed to assessee .( AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB(10) : Housing projects- Sale of flats to related persons- Amendment brought on 1-4-2010 vide clause (f) to section 80IB(10) barring sale of more than one flat in a housing project to related persons, is prospective in nature [ S.80IB(10)(f) ]<\/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-2240","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-A8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2240","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=2240"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2240\/revisions"}],"predecessor-version":[{"id":2505,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2240\/revisions\/2505"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}