{"id":37730,"date":"2023-10-16T11:20:48","date_gmt":"2023-10-16T05:50:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/fabsun-engineering-p-ltd-v-ito-2022-291-taxman-478-karnhc-editorial-section-280y-omitted-by-the-finance-act-1990-w-e-f-1-4-1990\/"},"modified":"2023-10-16T11:20:48","modified_gmt":"2023-10-16T05:50:48","slug":"fabsun-engineering-p-ltd-v-ito-2022-291-taxman-478-karnhc-editorial-section-280y-omitted-by-the-finance-act-1990-w-e-f-1-4-1990","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/fabsun-engineering-p-ltd-v-ito-2022-291-taxman-478-karnhc-editorial-section-280y-omitted-by-the-finance-act-1990-w-e-f-1-4-1990\/","title":{"rendered":"Fabsun Engineering (P.) Ltd. v. ITO (2022) 291 Taxman 478 (Karn)(HC) Editorial: Section 280Y, omitted by the Finance Act, 1990, w.e.f 1-4-1990."},"content":{"rendered":"<p>Allowing the appeal\u00a0 of the asseessee,the High Court held that by virtue of Notification No. S.O. 3419\u00a0 dated 22-9 1967, under section 280Y(d) of the Act dated 22-9-1967, Bengaluru Corporation was declared as Urban area. Hence, relying on the ratio laid down by the Apex Court in Fibre Boards (P.) Ltd. v. CIT (2015) 376 ITR 596 (SC)\/ 10 SCC 533\u00a0 \u00a0Bengaluru continues to be an Urban area for the purpose of section 54G of the Act. (AY.1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54G : Capital gains-Shifting of industrial undertaking from urban area-Sale of an industrial plot in Bengaluru-Urban area-Entitle for the benefit.[S. 45 280Y(d)]  <\/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-37730","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Oy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37730","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=37730"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37730\/revisions"}],"predecessor-version":[{"id":37731,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37730\/revisions\/37731"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}