{"id":44123,"date":"2024-06-27T15:14:44","date_gmt":"2024-06-27T09:44:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sarita-gupta-ms-v-pcit-2024-109-itr-373-204-itd-299-delhi-trib\/"},"modified":"2024-06-27T15:14:44","modified_gmt":"2024-06-27T09:44:44","slug":"sarita-gupta-ms-v-pcit-2024-109-itr-373-204-itd-299-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sarita-gupta-ms-v-pcit-2024-109-itr-373-204-itd-299-delhi-trib\/","title":{"rendered":"Sarita Gupta (Ms.) v. PCIT [2024] 109 ITR 373 \/ 204 ITD 299 (Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal held that merely because capital gain was not deposited in capital gain account scheme within time, the assessment order allowing assessee&#8217;s claim under section 54 could not be treated as erroneous and prejudicial to interest of revenue where capital gain was invested in purchase\/construction of residential house within time limit prescribed under section 54(1).Revision is held to be not valid.\u00a0\u00a0 (AY. 2012-13)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue &#8211; Capital gains -Profit on sale of property used for residence -Capital gains not deposited in CGAS -Capital gain was invested in purchase\/construction of residential house within time limit prescribed under section 54(1) \u2013Revision is held to be not valid.  [S. 45, 139(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-44123","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-btF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44123","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=44123"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44123\/revisions"}],"predecessor-version":[{"id":44124,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44123\/revisions\/44124"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}