{"id":34260,"date":"2023-04-22T22:44:55","date_gmt":"2023-04-22T17:14:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sushiladevi-r-somani-v-acit-2022-197-itd-316-219-ttj-633-217-dtr-417-mum-trib\/"},"modified":"2023-04-22T22:44:55","modified_gmt":"2023-04-22T17:14:55","slug":"sushiladevi-r-somani-v-acit-2022-197-itd-316-219-ttj-633-217-dtr-417-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sushiladevi-r-somani-v-acit-2022-197-itd-316-219-ttj-633-217-dtr-417-mum-trib\/","title":{"rendered":"Sushiladevi R Somani. v. ACIT (2022) 197 ITD 316\/ 219 TTJ 633 \/ 217 DTR 417 (Mum) (Trib.)"},"content":{"rendered":"<p>Held that as regards\u00a0 shares which\u00a0 were acquired before 1-4-1981, assessee had option to substitute its cost of acquisition by fair market value as on 1-4-1981. Mere fact that shares were issued after 1-4-1981 also at face value could not negate its fair market value.\u00a0 Assessing Officer was\u00a0 directed to adopt valuation computed\u00a0 on basis of fair market value of net assets.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 48 : Capital gains-Computation-cost of acquisition-Fair market value on 1-4-1981-Fair market value of net assets-Shares were acquired by assessee before 1-4-1981-Option to substitute its cost of acquisition by fair market value of net assets as on 1-4-1981 is with assessee. [S. 2(22B), 49] <\/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-34260","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8UA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34260","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=34260"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34260\/revisions"}],"predecessor-version":[{"id":34261,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34260\/revisions\/34261"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}