{"id":3979,"date":"2019-02-17T14:11:10","date_gmt":"2019-02-17T14:11:10","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org-2\/"},"modified":"2019-06-09T09:37:19","modified_gmt":"2019-06-09T09:37:19","slug":"acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org-2\/","title":{"rendered":"ACIT  v. Celerity Power LLP (2019) 174 ITD 433\/197 TTJ 45\/ 174 DTR 68   (Mum)    (Trib.) www.itatonline.org"},"content":{"rendered":"<p>Upon conversion of a private limited company into assessee-LLP entire undertaking of erstwhile company got vested into assessee LLP, no separate cost other than &#8216;book value&#8217; would be attributable to individual assets and liabilities, hence such &#8216;book value&#8217; could only be regarded as full value of consideration for purpose of computation of capital gain ( ITA No. 3637\/Mum\/2015 &amp; C.O No.2\/Mum\/2016, dt. 16.11.2018) .( AY.2010 -11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 48 : Capital gains \u2013 Computation &#8211; Full value of consideration &#8211; Conversion of a private limited company into assessee-LLP -Book value &#8211; Book value was to be regarded as full value of consideration for purpose of computation of capital gains .[ S.45 , 47 ]<\/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-3979","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-12b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3979","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=3979"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3979\/revisions"}],"predecessor-version":[{"id":5665,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3979\/revisions\/5665"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}