{"id":5432,"date":"2019-05-17T09:51:27","date_gmt":"2019-05-17T09:51:27","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-dr-jayesh-keshrichand-shah-2019-175-itd-751-mum-trib\/"},"modified":"2019-09-22T14:06:20","modified_gmt":"2019-09-22T14:06:20","slug":"acit-v-dr-jayesh-keshrichand-shah-2019-175-itd-751-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-dr-jayesh-keshrichand-shah-2019-175-itd-751-mum-trib\/","title":{"rendered":"ACIT   v.  Dr. Jayesh Keshrichand Shah. (2019) 175 ITD 751\/ 181 DTR 41   (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee\u00a0 received certain sum as consideration for transferring his sub-tenancy rights. AO assessed the same as income from other sources.\u00a0 CIT (A) held that the amount is assessable as capital gains. On appeal by revenue , dismissing the appeal of the revenue the Tribunal held that\u00a0 like tenancy right, a sub-tenancy right is also a capital asset\u00a0 and liable to be chargeable as capital gains\u00a0 and not as income from other sources.\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45    : Capital gains-sub-tenancy right-capital asset- Gains on surrender is liable to capital gains tax and not income from other sources. [S. 14, 55(2), 56]<\/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-5432","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1pC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5432","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=5432"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5432\/revisions"}],"predecessor-version":[{"id":7325,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5432\/revisions\/7325"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}