{"id":42958,"date":"2024-05-17T17:30:08","date_gmt":"2024-05-17T12:00:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rangnathappa-govindappa-zharkhande-v-ito-2023-198-itd-290-225-ttj-621-pune-trib-2\/"},"modified":"2024-05-17T17:30:08","modified_gmt":"2024-05-17T12:00:08","slug":"rangnathappa-govindappa-zharkhande-v-ito-2023-198-itd-290-225-ttj-621-pune-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rangnathappa-govindappa-zharkhande-v-ito-2023-198-itd-290-225-ttj-621-pune-trib-2\/","title":{"rendered":"Rangnathappa Govindappa Zharkhande v. ITO (2023) 198 ITD 290 \/225 TTJ 621 (Pune) (Trib.)"},"content":{"rendered":"<p>On appeal the CIT(A) has bifurcated the Assessing Officer&#8217;s long term capital gains&#8217; computation of Rs.74,55,088\/-to business income to the extent of business profits of Rs.65,58,156\/-.and enhanced the income.\u00a0 Revenue supported the same on the ground that the CIT(A)&#8217;s jurisdiction is co-terminus with that of the Assessing Officer in arriving at the correct computation of an assessee&#8217;s taxable income.\u00a0 Tribunal\u00a0 relied on following case laws and held that held that Jurisdiction of Commissioner (Appeals) does not extend to introducing an altogether new source of \u00a0income, \u00a0CIT\u00a0v.\u00a0Shapoorji Pallonji Mistry (1962 ) 44 ITR 891 (SC) CIT\u00a0v.\u00a0Union Tyers (1999) 251 ITR 864 (Delhi)(HC))\u00a0 CIT\u00a0v.\u00a0Sardari Lal &amp; Co (2001 ) 251 ITR 864 (Delhi)(HC). (AY. 2012-13 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 251 : Appeal-Commissioner (Appeals)-Powers-Capital gains-Business income-Jurisdiction of Commissioner (Appeals) does not extend to introducing an altogether new source of income.[S. 28(i), 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":[21],"tags":[],"class_list":["post-42958","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-baS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42958","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=42958"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42958\/revisions"}],"predecessor-version":[{"id":42959,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42958\/revisions\/42959"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}