{"id":28747,"date":"2022-07-25T17:15:54","date_gmt":"2022-07-25T11:45:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kiran-r-sawlani-v-itoit-2022-193-itd-852-215-ttj-654-mum-trib\/"},"modified":"2023-02-13T18:51:14","modified_gmt":"2023-02-13T13:21:14","slug":"kiran-r-sawlani-v-itoit-2022-193-itd-852-215-ttj-654-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kiran-r-sawlani-v-itoit-2022-193-itd-852-215-ttj-654-mum-trib\/","title":{"rendered":"Kiran R. Sawlani v. ITO(IT) (2022) 193 ITD 852 \/ 215 TTJ 654\/ 210 DTR 17  (Mum.)(Trib.)"},"content":{"rendered":"<p>During year, assessee made on investment towards purchase of a property.\u00a0 Assessing Officer held that market price of said property as per Stamp Valuation Authority was higher hence made addition u\/s 56 of the Act. On appeal the Tribunal held\u00a0 that\u00a0 the\u00a0 as property under consideration was situated in a slum area, market value of same was much lower than value of other buildings in neighbouring areas\u00a0 hence the\u00a0 Assessing Officer\u00a0 should have referred the matter to valuation Officer.\u00a0 Matter remanded. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources-Fair market value of  property-Purchase of property-Stamp valuation-Addition was not valid-Matter remanded. [S. 56(2)(vii)(b)(ii)] <\/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-28747","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7tF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28747","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=28747"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28747\/revisions"}],"predecessor-version":[{"id":32782,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28747\/revisions\/32782"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}