{"id":29736,"date":"2022-09-11T17:56:49","date_gmt":"2022-09-11T12:26:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/spenta-enterprises-v-pcit-2022-bcaj-march-p-39-mum-trib\/"},"modified":"2022-09-11T17:56:49","modified_gmt":"2022-09-11T12:26:49","slug":"spenta-enterprises-v-pcit-2022-bcaj-march-p-39-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/spenta-enterprises-v-pcit-2022-bcaj-march-p-39-mum-trib\/","title":{"rendered":"Spenta Enterprises v .PCIT ( 2022) BCAJ -March \u2013 P. 39 (Mum)( Trib)"},"content":{"rendered":"<p>Held that since the allotment letters were issued and initial payments were received prior to coming in to force of section 43CA\u00a0 , the provision does not apply to those cases . Tribunal also held that the difference between ready reckoner rate and sale consideration was only 5 % the same needs to be ignored . Referred Krishna Enterprises v. ACIT\u00a0 . ( TS-63 -ITAT -2022 (Mum) ( AY. 2014-15)( Dt. 27 -1 2022 ) \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.43CA: Transfer of assets- other than capital assets- Full value of consideration- stock in trade-Agreement value \u2013 Stamp valuation \u2013 Allotment letter \u2013 Where allotment letters are issued and part payments are received prior to Ist April , 2013 \u2013 Provision of section 43CA does not apply \u2013 Difference less than 5% &#8211; Provision does not apply .   [ S.50C ]<\/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-29736","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7JC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29736","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=29736"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29736\/revisions"}],"predecessor-version":[{"id":29737,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29736\/revisions\/29737"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}