{"id":2449,"date":"2018-10-14T04:29:31","date_gmt":"2018-10-14T04:29:31","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-infinity-infotech-parks-ltd-2018-407-itr-137-cal-hc\/"},"modified":"2019-05-07T02:18:02","modified_gmt":"2019-05-07T02:18:02","slug":"pcit-v-infinity-infotech-parks-ltd-2018-407-itr-137-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-infinity-infotech-parks-ltd-2018-407-itr-137-cal-hc\/","title":{"rendered":"PCIT  v. Infinity Infotech Parks Ltd. (2018) 407 ITR 137\/ 257 Taxman 359\/ ( 2019) 307 CTR 105\/ 174 DTR 270 (Cal) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ;transfer and right\u00a0 to\u00a0 possession of developer does not arise prior to completion of construction and apportionment effected- Quantum of\u00a0 depreciation based on facts -Revision was held to be not valid . ( AY.2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue \u2013Development agreement- Transfer and right  to  possession of developer does not arise prior to completion of construction and apportionment effected- Quantum of  depreciation based on facts -Revision was held to be not valid . [ S. 2(47(v), 32, 45, Transfer of Property Act, 1953 S. 53A   ]<\/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-2449","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Dv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2449","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=2449"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2449\/revisions"}],"predecessor-version":[{"id":5377,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2449\/revisions\/5377"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}