{"id":24458,"date":"2022-01-29T12:40:35","date_gmt":"2022-01-29T07:10:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/babubhai-arjanbhai-kanani-huf-v-dcit-2021-191-itd-5-surattrib\/"},"modified":"2022-01-29T12:40:35","modified_gmt":"2022-01-29T07:10:35","slug":"babubhai-arjanbhai-kanani-huf-v-dcit-2021-191-itd-5-surattrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/babubhai-arjanbhai-kanani-huf-v-dcit-2021-191-itd-5-surattrib\/","title":{"rendered":"Babubhai Arjanbhai Kanani (HUF) v. DCIT (2021) 191 ITD 5 (Surat)(Trib.)"},"content":{"rendered":"<p>Held that the new land was purchased out of funds of HUF and\u00a0 was\u00a0 shown in books of account of HUF. Denial of exemption was not justified merely because a new land was registered in name of co-parcener of\u00a0 HUF. Referred CIT v. Gurnam Singh\u00a0 (2010) 327 ITR 278 (P&amp; H) (HC), Laxmi Narayan v. CIT (2018) 402 ITR 117 (Raj) (HC).\u00a0 (AY. 2013-14)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54B : Capital gains-Land used for agricultural purposes-HUF-Ownership-Land registered in the name of co-parcener-Land purchased out of sale proceeds of sale of agricultural land of HUF-Exemption cannot be denied.[S. 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-24458","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6mu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24458","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=24458"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24458\/revisions"}],"predecessor-version":[{"id":24459,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24458\/revisions\/24459"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}