{"id":54255,"date":"2025-05-17T11:49:19","date_gmt":"2025-05-17T06:19:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pico-deepali-overlay-consortium-v-dcit-2024-chambers-journal-february-p-94-delhitrib\/"},"modified":"2025-05-17T11:49:19","modified_gmt":"2025-05-17T06:19:19","slug":"pico-deepali-overlay-consortium-v-dcit-2024-chambers-journal-february-p-94-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pico-deepali-overlay-consortium-v-dcit-2024-chambers-journal-february-p-94-delhitrib\/","title":{"rendered":"Pico Deepali Overlay Consortium v. DCIT (2024) Chamber\u2019s Journal-February-P. 94 (Delhi)(Trib)"},"content":{"rendered":"<p>Held that characterization of consortium as an AOP,\u00a0 has to be determined in terms of the agreement between parties. Circular No 7\/2016 dt. 7-3-2016 (2016) 382 ITR 27 (St.). Accordingly the Tribunal held that Consortium\u00a0 failed to fulfil the relevant requirement of the circular. Thus\u00a0 up held the taxability of Consortium as\u00a0 an\u00a0 AOP and not as individual members.\u00a0\u00a0\u00a0 (AY. 2011-12)(ITA No. 518 \/ Del\/2022 dt. 22-12-2023)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(31) : Person-Association of person-Characterization of consortium-Agreement-Terms of the agreement will be the deciding factors-Taxable as an AOP and not as individual members.<\/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-54255","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e75","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54255","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=54255"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54255\/revisions"}],"predecessor-version":[{"id":54256,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54255\/revisions\/54256"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}