{"id":4883,"date":"2019-04-15T10:32:56","date_gmt":"2019-04-15T10:32:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/s-c-johnson-products-p-ltd-v-dcit-2019-175-itd-477-delhitrib\/"},"modified":"2019-04-15T10:32:56","modified_gmt":"2019-04-15T10:32:56","slug":"s-c-johnson-products-p-ltd-v-dcit-2019-175-itd-477-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-c-johnson-products-p-ltd-v-dcit-2019-175-itd-477-delhitrib\/","title":{"rendered":"S C Johnson Products (P.) Ltd.  v. DCIT (2019) 175 ITD 477 (Delhi)(Trib.)"},"content":{"rendered":"<p>On merger all investments in mutual funds are transferred to assessee at book value. Prior to amalgamation such mutual funds under head Investments.\u00a0 Tribunal held that the assessee has shown the Mutual funds as investment in books and it never treated same as stock-in-trade. Accordingly profit from sale of such mutual funds was to be taxed as capital gain and not as business income. (AY. 2007-08, 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Business income-Merger  investments in mutual funds\u2013Liable to be assessed as capital gains and not as business income. [S. 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":[1],"tags":[],"class_list":["post-4883","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1gL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4883","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=4883"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4883\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}