{"id":3617,"date":"2019-01-09T13:19:22","date_gmt":"2019-01-09T13:19:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/m-p-mehrotra-huf-v-dcit-2018-65-itr-71-sn-delhi-trib\/"},"modified":"2019-01-09T13:19:22","modified_gmt":"2019-01-09T13:19:22","slug":"m-p-mehrotra-huf-v-dcit-2018-65-itr-71-sn-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/m-p-mehrotra-huf-v-dcit-2018-65-itr-71-sn-delhi-trib\/","title":{"rendered":"M. P. Mehrotra (HUF)  v. DCIT (2018) 65 ITR  71 (SN)  (Delhi) (Trib)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that ,\u00a0 AO has not brought any justifiable reason to reject the claim of the assessee except assuming that it was a colourable device. After the conversion of stock-in-trade into investment no share was held as stock-in-trade. Therefore the claim of the assessee could not be rejected. Followed\u00a0 CIT v. Express Securities P.Ltd ( 2014) 364 ITR 488 ( Delhi) (HC) ( AY.2005 -06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.45: Capital gains \u2014 Business income \u2014Shares and securities &#8211; Conversion of stock-in-trade into  investment \u2013 Held to be valid -Gains assessable as capital gains. [ S.28(i) ]<\/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":[1],"tags":[],"class_list":["post-3617","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Wl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3617","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=3617"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3617\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}