{"id":3977,"date":"2019-02-17T14:09:35","date_gmt":"2019-02-17T14:09:35","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-trib-www-itatonline-org\/"},"modified":"2019-02-17T14:09:35","modified_gmt":"2019-02-17T14:09:35","slug":"acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-trib-www-itatonline-org\/","title":{"rendered":"ACIT  v. Celerity Power LLP (2019) 174 ITD 433\/\/197 TTJ 45 (Trib.) ,www.itatonline.org"},"content":{"rendered":"<p>Transaction involving conversion of a private limited company or unlisted public company to a LLP as contemplated in section 47(xiiib) would though be a transfer on cumulative satisfaction of conditions (a) to (f) of proviso to section 47(xiiib) would not be chargeable to &#8216;capital gains.( ITA No. 3637\/Mum\/2015 &amp; C.O No.2\/Mum\/2016, dt. 16.11.2018) \u00a0( AY.2010 -11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.47(xiiib): Capital gains &#8211; Transaction not regarded as transfer &#8211; Conversion of firm in to LLP\u2013 Transfer -On cumulative satisfaction of conditions (a) to (f) of proviso to section 47(xiiib) would not be chargeable to capital gains [ S.45 ]<\/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-3977","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-129","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3977","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=3977"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3977\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}