{"id":3028,"date":"2018-12-01T09:33:02","date_gmt":"2018-12-01T09:33:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/jaidayal-prannath-kapur-v-cit-2018-408-itr-315-mad-hc\/"},"modified":"2019-04-30T00:45:32","modified_gmt":"2019-04-30T00:45:32","slug":"jaidayal-prannath-kapur-v-cit-2018-408-itr-315-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jaidayal-prannath-kapur-v-cit-2018-408-itr-315-mad-hc\/","title":{"rendered":"Jaidayal Prannath Kapur v. CIT  (2018) 408 ITR 315 \/ 172 DTR 103\/ 305  CTR 670\/ ( 2019) 307 CTR 757 (Mad)( HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that ;building was demolished and land alone was subject to development was transferred .Accordingly the provision of S.50 cannot be applied .(CIT \u00a0v. Union Co.(Motors) Ltd.( 2006)283 ITR 445 ( Mad) (HC)\u00a0followed. Meena v. Pamnani (Smt.) v. CIT ( 2018) 404 ITR 548(Bom)( HC)\u00a0 is \u00a0distinguished.)(\u00a0AY.2004 -05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50 : Capital gains &#8211; Depreciable assets &#8211; Block of assets &#8211; Sale of land with building \u2014 Demolition of building \u2014 Land alone subject to development \u2014 Consideration is only for land S.50 is not applicable .[ 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":[1],"tags":[],"class_list":["post-3028","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-MQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3028","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=3028"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3028\/revisions"}],"predecessor-version":[{"id":5275,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3028\/revisions\/5275"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}