{"id":32049,"date":"2023-01-21T07:36:20","date_gmt":"2023-01-21T02:06:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/anant-r-gowande-v-acit-2022-the-chambers-journal-december-p-89-mum-trib\/"},"modified":"2023-01-21T07:36:20","modified_gmt":"2023-01-21T02:06:20","slug":"anant-r-gowande-v-acit-2022-the-chambers-journal-december-p-89-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/anant-r-gowande-v-acit-2022-the-chambers-journal-december-p-89-mum-trib\/","title":{"rendered":"Anant R .Gowande v. ACIT ( 2022) The Chamber\u2019s Journal \u2013 December \u2013 P. 89 ( Mum)( Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that the assesee was full owner of first residential property and had 50% share in the second residential property on the date of transfer of original capital asset in the form of a plot . Denial of exemption under section 54F on the ground that he was holder of 50% of share jointly with wife in the residential property is not valid . Followed Amit Gupta v. ACIT ( 2017) 43 ITR 427 ( Delhi)( Trib) ( ITA No. 5453\/ Mum\/2019 dt. 14 -6 -2022) (AY.\u00a0\u00a0\u00a0\u00a0 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.54F : Capital gains- Investment in a residential house -Co-owner of property \u2013 Cannot be treated as absolute owner \u2013 Denial of exemption is not valid [ 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":[21],"tags":[],"class_list":["post-32049","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8kV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32049","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=32049"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32049\/revisions"}],"predecessor-version":[{"id":32050,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32049\/revisions\/32050"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}