{"id":4844,"date":"2019-04-10T12:57:45","date_gmt":"2019-04-10T12:57:45","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-kalpana-hansraj-2019-261-taxman-294-bom-hc\/"},"modified":"2019-05-23T05:02:46","modified_gmt":"2019-05-23T05:02:46","slug":"cit-v-kalpana-hansraj-2019-261-taxman-294-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-kalpana-hansraj-2019-261-taxman-294-bom-hc\/","title":{"rendered":"CIT  v. Kalpana Hansraj (2019) 261 Taxman 294 \/ 176 DTR 217\/ 307 CTR 797 (Bom.)(HC)"},"content":{"rendered":"<p>AO rejected assessee&#8217;s claim on ground that assessee had sold a flat which was in nature of residential unit and therefore, S. 54F would not apply. Tribunal held that\u00a0 the assessee had booked a flat far back in January, 1981 and till time, she sold her rights in flat in year 2005, completion of construction was nowhere in sight. \u00a0Tribunal thus taking a view that it was not a case of sale of residential property, allowed assessee&#8217;s claim for deduction.\u00a0 High Court affirmed the order of the Tribunal. (AY. 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54F : Capital gains\u2013Capital asset-Investment in a residential house\u2013Booked a flat in January 1981\u2013Right in the flat was sold  in the year 2005 -Allowable deduction. [S. 2(14), 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":[1],"tags":[],"class_list":["post-4844","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1g8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4844","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=4844"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4844\/revisions"}],"predecessor-version":[{"id":5562,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4844\/revisions\/5562"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}