{"id":42293,"date":"2024-05-04T14:27:35","date_gmt":"2024-05-04T08:57:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/othello-developers-v-pcit-2023-201-itd-370-ahdtrib\/"},"modified":"2024-08-20T20:18:29","modified_gmt":"2024-08-20T14:48:29","slug":"othello-developers-v-pcit-2023-201-itd-370-ahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/othello-developers-v-pcit-2023-201-itd-370-ahdtrib\/","title":{"rendered":"Othello Developers v. PCIT, [2023] 201 ITD 370\/ 226 TTJ 103 (Ahd)(Trib.)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Allowing the appeal\u00a0 the Tribunal held that there was no error in order of Assessing Officer who had accepted the explanation of the assessee that no income from completed units was assessable under the head \u201cIncome from House Property\u201d and thus, order of Commissioner under Section 263 was set aside.\u00a0 <em>Followed: CIT v. Neha Builders Pvt. Ltd. [2007] 164 Taxmann 342 \/ 298 ITR 661 (Guj.)(HC) (AY. 2017-18) <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Stock in trade-Builder-Business income-Income from house property-Revision is held to be not valid .[S.22, 28(i)] <\/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-42293","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-b09","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42293","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=42293"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42293\/revisions"}],"predecessor-version":[{"id":45643,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42293\/revisions\/45643"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}