{"id":23074,"date":"2021-12-18T17:14:53","date_gmt":"2021-12-18T11:44:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sitaram-pahariya-huf-v-ito-2021-190-itd-239-212-ttj-273-203-dtr-137-agratrib\/"},"modified":"2021-12-18T17:14:53","modified_gmt":"2021-12-18T11:44:53","slug":"sitaram-pahariya-huf-v-ito-2021-190-itd-239-212-ttj-273-203-dtr-137-agratrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sitaram-pahariya-huf-v-ito-2021-190-itd-239-212-ttj-273-203-dtr-137-agratrib\/","title":{"rendered":"Sitaram Pahariya (HUF) v. ITO (2021) 190 ITD 239 \/ 212 TTJ 273 \/ 203 DTR 137 (Agra)(Trib.)"},"content":{"rendered":"<p>The Tribunal held that assessee HUF is entitled to benefit of S. \u00a054B of the Act for following reasons :<\/p>\n<ul>\n<li>The word assessee used in S. 54B, had always included HUF, and further the amendment brought in by Finance Act, 2013 by inserting \u201cthe assessee being an individual or his parent or an (HUF)\u201d was clarificatory in nature.<\/li>\n<li>Word \u2018person\u2019 as defined in S. 2(31) includes individual as well as HUF and therefore HUF was entitled to benefit u\/s 54B.<\/li>\n<\/ul>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Benefit of any doubt in respect of taxability of exemption should be given to assessee rather than to revenue. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54B : Capital gains-Land used for agricultural purposes-HUF-Entitle for exemption. [S. 2(31), 45] <\/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-23074","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-60a","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23074","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=23074"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23074\/revisions"}],"predecessor-version":[{"id":23075,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23074\/revisions\/23075"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}