{"id":32756,"date":"2023-02-13T12:57:56","date_gmt":"2023-02-13T07:27:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-sri-sai-lakshmi-industries-pvt-ltd-2023-the-chambers-journal-january-p-90-bang-trib\/"},"modified":"2023-02-13T12:57:56","modified_gmt":"2023-02-13T07:27:56","slug":"dcit-v-sri-sai-lakshmi-industries-pvt-ltd-2023-the-chambers-journal-january-p-90-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-sri-sai-lakshmi-industries-pvt-ltd-2023-the-chambers-journal-january-p-90-bang-trib\/","title":{"rendered":"DCIT v. Sri Sai Lakshmi Industries Pvt Ltd ( 2023) The Chamber\u2019s Journal &#8211; January P. 90( Bang )( Trib )"},"content":{"rendered":"<p>The assessee entered in to joint development agreement with developer . The AO held that the assessee is liable to capital gains by invoking section 2(47)(v ) of the Act . On appeal the CIT(A) deleted the addition. On appeal by the Revenue the Tribunal affirmed the order of the CIT(A). Referred\u00a0 ITO v. Balbir Singh Maini ( 2017) 398 ITR 531 ( SC)\u00a0 Dr. Krishna Prasad Mikkilmeni v .DCIT , ITA No 929\/ Bang\/ 2018 dt . 31 -1 -2022 (Bang) Trib)( \u00a0ITA No. 1624\/ Bang \/ 19\u00a0 dt . 15 -3 . 2022\u00a0 ( AY. 2014\u00a0 -15 \u00a0)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains -Transfer \u2013 Developer \u2013Joint development agreement &#8211; Part performance \u2013 Only licence was granted to  the developer-  Not liable to be assessed as capital gains   [S. 2(47)(v), Transfer of Property Act , S.53A ]  <\/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-32756","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8wk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32756","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=32756"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32756\/revisions"}],"predecessor-version":[{"id":32757,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32756\/revisions\/32757"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}