{"id":29876,"date":"2022-09-17T19:19:54","date_gmt":"2022-09-17T13:49:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ishwar-dewlling-pvt-ltd-v-pcit-2022-the-chambers-journal-july-p-124-lucknow-trib\/"},"modified":"2022-09-17T19:19:54","modified_gmt":"2022-09-17T13:49:54","slug":"ishwar-dewlling-pvt-ltd-v-pcit-2022-the-chambers-journal-july-p-124-lucknow-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ishwar-dewlling-pvt-ltd-v-pcit-2022-the-chambers-journal-july-p-124-lucknow-trib\/","title":{"rendered":"Ishwar Dewlling Pvt Ltd v .PCIT ( 2022) The Chamber\u2019s Journal -July \u2013 P. 124 ( Lucknow ) ( Trib)"},"content":{"rendered":"<p>The assessee sold agricultural land and claimed exemption in respect of long term capital gains. After considering the submission the exemption was allowed . The AO also initiated proceedings u\/s 154 of the Act and dropped the proceedings . PCIT revised the order u\/s 263 of the Act . On appeal the ITAT set aside the revision order of the PCIT . ( ITA 44\/ LKW\/ 2021 dt . 17 -5 -2022 )( AY. 2015 -16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue \u2013 Capital gains \u2013 Agricultural land \u2013 Issue scrutinized in the assessment proceedings and under rectification proceedings \u2013 revision is bad in law [ S. 45 , 154 ] <\/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-29876","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7LS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29876","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=29876"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29876\/revisions"}],"predecessor-version":[{"id":29877,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29876\/revisions\/29877"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}