{"id":53731,"date":"2025-05-08T12:16:09","date_gmt":"2025-05-08T06:46:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/goldiam-international-ltd-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib-goldiam-jewelry-v-dy-cit-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib\/"},"modified":"2025-05-08T12:16:09","modified_gmt":"2025-05-08T06:46:09","slug":"goldiam-international-ltd-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib-goldiam-jewelry-v-dy-cit-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/goldiam-international-ltd-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib-goldiam-jewelry-v-dy-cit-v-dcit-2024-230-ttj-1-238-dtr-33-38-nypttj-411-mumtrib\/","title":{"rendered":"Goldiam International Ltd. v. DCIT (2024) 230 TTJ 1 \/ 238 DTR 33 \/ 38 NYPTTJ 411 (Mum)(Trib) Goldiam Jewelry v. Dy.CIT v. DCIT (2024) 230 TTJ 1 \/ 238 DTR 33 \/ 38 NYPTTJ 411 (Mum)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 purchase and sale of units of mutual fund\u00a0 just before the record date of dividend acting on a publicly available notice issued by mutual fund and latter sold all units.\u00a0\u00a0 Loss is allowable as short term capital loss.\u00a0 Transaction cannot\u00a0 be considered\u00a0 as avoidance of tax or fictitious or sham, provision of section. 94(7) is not applicable.\u00a0\u00a0 \u00a0(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Capital loss-Transaction in securities-Purchase and sale of units of mutual fund-Fictitious-Sham-Loss is allowable as short term capital loss-Transaction cannot  be considered  as avoidance of tax-Provision of section. 94(7) is not applicable. [S. 94(7)] <\/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-53731","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dYD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53731","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=53731"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53731\/revisions"}],"predecessor-version":[{"id":53732,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53731\/revisions\/53732"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}