{"id":44543,"date":"2024-07-25T15:28:10","date_gmt":"2024-07-25T09:58:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajaram-ganapati-bhat-v-ito-2023-203-itd-789-bang-trib\/"},"modified":"2024-07-25T15:28:10","modified_gmt":"2024-07-25T09:58:10","slug":"rajaram-ganapati-bhat-v-ito-2023-203-itd-789-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajaram-ganapati-bhat-v-ito-2023-203-itd-789-bang-trib\/","title":{"rendered":"Rajaram Ganapati Bhat. v. ITO (2023) 203 ITD 789 (Bang) (Trib.)"},"content":{"rendered":"<p>Assessee received enhanced compensation and interest thereon against a property in which there were seven beneficiaries. Further, TDS was also deducted on same at rate of 10 per cent. Assessee disbursed respective shares to other beneficiaries as per their entitlements.\u00a0 However, said fact was not disclosed before lower authorities ,therefore, entire amount of receipts is\u00a0 taxed in hands of assessee. Accordingly the matter is remanded back to Assessing Officer to compute only 1\/7th portion of interest income and TDS credit thereon in hands of assessee.\u00a0 (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 :  Income from other sources-Interest on enhanced compensation-Seven beneficiaries-Matter is   remanded back to Assessing Officer to compute only 1\/7th portion of total interest income and TDS credit thereon in hands of assessee. [S. 23, 57] <\/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-44543","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bAr","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44543","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=44543"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44543\/revisions"}],"predecessor-version":[{"id":44544,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44543\/revisions\/44544"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}