{"id":33737,"date":"2023-04-18T10:48:28","date_gmt":"2023-04-18T05:18:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/chimanbhai-dahyabhai-patel-v-ito-2022-195-itd-585-surat-trib\/"},"modified":"2023-04-18T10:48:28","modified_gmt":"2023-04-18T05:18:28","slug":"chimanbhai-dahyabhai-patel-v-ito-2022-195-itd-585-surat-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/chimanbhai-dahyabhai-patel-v-ito-2022-195-itd-585-surat-trib\/","title":{"rendered":"Chimanbhai Dahyabhai Patel. v. ITO (2022) 195 ITD 585 (Surat) (Trib.)"},"content":{"rendered":"<p>Held that an agricultural land situated in\u00a0 Hazira notified area is not a municipal area or deemed municipality, hence the said agricultural land situated in the such notified area could not be treated as a &#8216;capital asset&#8217; defined under section 2(14) and compensation received on an acquisition of such land was not taxable under Income-tax Act. (AY.\u00a0 2007-08 to 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(14)(iii) : Capital asset-Agricultural land-Hazira Notified area-not a municipal area or deemed municipality-Compensation received on the acquisition of such land was not taxable. [S. 10(37)]<\/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-33737","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8M9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33737","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=33737"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33737\/revisions"}],"predecessor-version":[{"id":33738,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33737\/revisions\/33738"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=33737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=33737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}