{"id":49534,"date":"2025-01-03T21:04:54","date_gmt":"2025-01-03T15:34:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jose-thomas-etc-v-pcit-2024468-itr-108-301-taxman-170-sc-editorial-pcit-v-grancy-babu-2024-298-taxman-722-471-itr-377-kerhc\/"},"modified":"2025-01-03T21:04:54","modified_gmt":"2025-01-03T15:34:54","slug":"jose-thomas-etc-v-pcit-2024468-itr-108-301-taxman-170-sc-editorial-pcit-v-grancy-babu-2024-298-taxman-722-471-itr-377-kerhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jose-thomas-etc-v-pcit-2024468-itr-108-301-taxman-170-sc-editorial-pcit-v-grancy-babu-2024-298-taxman-722-471-itr-377-kerhc\/","title":{"rendered":"Jose Thomas, Etc. v. PCIT (2024)468 ITR 108 \/ 301 Taxman 170 (SC) Editorial : PCIT v. Grancy Babu (2024) 298 Taxman 722 \/ 471 ITR 377 (Ker)(HC)"},"content":{"rendered":"<p>On appeal the High Court held that the consideration received by the trustees for relinquishment of the trusteeship could not be treated as a capital receipt for the purposes of assessment as capital gains, but would have to be treated as the individual income of the assessee under the appropriate head of income. On a petition for special leave to appeal to the Supreme Court, SLP of the assessee is dismissed.\u00a0\u00a0 \u00a0\u00a0(AY. 2009-10 to 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Consideration received for relinquishment of trustee ship-Not capital in nature-Assessable as income-SLP of Assessee is dismissed. [S. 45,  132,  Art. 136]  <\/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-49534","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cSW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49534","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=49534"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49534\/revisions"}],"predecessor-version":[{"id":49535,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49534\/revisions\/49535"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}