{"id":34721,"date":"2023-05-22T11:01:56","date_gmt":"2023-05-22T05:31:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/narayan-devarajn-iyengar-v-ito-mum-trib-www-itatonline-org\/"},"modified":"2024-08-14T15:45:16","modified_gmt":"2024-08-14T10:15:16","slug":"narayan-devarajn-iyengar-v-ito-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/narayan-devarajn-iyengar-v-ito-mum-trib-www-itatonline-org\/","title":{"rendered":"Narayan Devarajn Iyengar v. ITO (2023) 201 ITD 503\/ 223 TTJ 905( Mum)( Trib) www.itatonline .org"},"content":{"rendered":"<p>The assessee is non-resident . The issue before the Income Tax Appellate \u00a0Tribunal was whether the addition on account of corpus fund for alternate accommodation received by the assessee from the Developer \/ Builder is capital receipts. The Tribunal held that corpus\u00a0 monetary consideration, Rent for alternative accommodation, and hardship allowance is a capital receipts not taxable. Tribunal relied on Lawrence Rebello v. ITO ( ITA No. 132 \/Ind \/ 2020 order dt 29 -9-2021 , Deliah Raj Mansukhani \u00a0(Smt ) v. ITO ( ITA N0\/ 3526\/ Mum\/ 2017 dt 29-1-2021 ) (ITA No. 106\/ Mum\/ 2023 dt 10 -5 -2023 )( AY. 2015 -16 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013 Alternative accommodation \u2013Redevelopment agreement &#8211;  Corpus monetary consideration -Rent for alternative accommodation \u2013 Hardship allowance &#8211; Capital receipt not taxable .   [ S. 56 ] <\/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-34721","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-921","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34721","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=34721"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34721\/revisions"}],"predecessor-version":[{"id":45145,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34721\/revisions\/45145"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}