{"id":3681,"date":"2019-01-15T12:37:59","date_gmt":"2019-01-15T12:37:59","guid":{"rendered":"http:\/\/itatonline.org\/digest\/konkan-storage-systems-p-ltd-v-acit-2018-173-itd-248-bang-trib\/"},"modified":"2019-01-15T12:37:59","modified_gmt":"2019-01-15T12:37:59","slug":"konkan-storage-systems-p-ltd-v-acit-2018-173-itd-248-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/konkan-storage-systems-p-ltd-v-acit-2018-173-itd-248-bang-trib\/","title":{"rendered":"Konkan Storage Systems (P.) Ltd. v.  ACIT  (2018) 173 ITD 248 (Bang.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that\u00a0 part consideration\u00a0 was to be paid, on obtaining waiver of Minimum Guarantee Throughput (MGT) from Port Trust till transfer of terminal undertaking by assessee to KCPL. Part consideration retained by KCPL was never paid to the assessee as the assessee was not able to get waiver of\u00a0 Minimum Guarantee Throughput (MGT) from Port Trust- Consideration which was\u00a0 not received cannot be assessed\u00a0 as\u00a0\u00a0 consideration received for sale.AO was directed to verify and decide in accordance with law. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains\u2013Slump sale\u2013Full value of consideration-Conditional sale -Part consideration would  be paid on obtaining waiver of Minimum Guarantee Throughput (MGT) from Port Trust till transfer of terminal undertaking by assessee to KCPL-Amount  retained by KCPL was never paid to the assessee as the assessee was not able to get waiver of  Minimum Guarantee Throughput (MGT) from Port Trust. Consideration  which was not received cannot be assessed  as   consideration received for sale-AO was directed to verify and decide in accordance with law. [S. 45, 48]<\/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-3681","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Xn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3681","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=3681"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3681\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}