{"id":38140,"date":"2023-12-11T13:03:02","date_gmt":"2023-12-11T07:33:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-c-aryama-sundaram-2023-292-taxman-71-sc-editorial-c-aryama-sundaram-v-cit-2018-407-itr-1-258-taxman-10-madhc\/"},"modified":"2023-12-11T13:03:02","modified_gmt":"2023-12-11T07:33:02","slug":"cit-v-c-aryama-sundaram-2023-292-taxman-71-sc-editorial-c-aryama-sundaram-v-cit-2018-407-itr-1-258-taxman-10-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-c-aryama-sundaram-2023-292-taxman-71-sc-editorial-c-aryama-sundaram-v-cit-2018-407-itr-1-258-taxman-10-madhc\/","title":{"rendered":"CIT v. C. Aryama Sundaram (2023) 292 Taxman 71 (SC) Editorial : C. Aryama Sundaram v. CIT (2018) 407 ITR 1\/ 258 Taxman 10 (Mad)(HC)"},"content":{"rendered":"<p>High Court \u00a0held that not only cost of construction of new property incurred after sale of old property would be eligible for exemption under section 54(1), but also cost of land on which new property was constructed, even if such land had been purchased three years prior to sale of old property. SLP of revenue\u00a0 is\u00a0 dismissed, since tax amount involved in instant case was less than Rs. 2 crores, in view of\u00a0Circular no. 17 of 2019, dated 8-8-2019. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 268A : Appeal-Instructions-Circulars-Monetary limits-Capital gains-Profit on sale of property used for residence-SLP of revenue  is  dismissed, since tax amount involved in instant case was less than Rs. 2 crores.[S. 54(1)] <\/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-38140","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Va","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38140","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=38140"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38140\/revisions"}],"predecessor-version":[{"id":38141,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38140\/revisions\/38141"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}