{"id":5584,"date":"2019-05-29T09:58:16","date_gmt":"2019-05-29T09:58:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/jayneer-infrapower-multiventures-p-ltd-v-dcit-2019-176-itd-15-mum-trib-3\/"},"modified":"2019-09-01T08:04:29","modified_gmt":"2019-09-01T08:04:29","slug":"jayneer-infrapower-multiventures-p-ltd-v-dcit-2019-176-itd-15-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jayneer-infrapower-multiventures-p-ltd-v-dcit-2019-176-itd-15-mum-trib-3\/","title":{"rendered":"Jayneer infrapower &#038; Multiventures (P.) Ltd. v. DCIT  (2019) 176 ITD 15 \/ 200 TTJ 179(Mum.)(Trib.)"},"content":{"rendered":"<p>Where the company is permitted by its memorandum\/articles of association to make a gift, transfer of shares by way of gift are valid, permissible and genuine and there is no requirement of a gift deed. Such gifts are exempt as per S. 47(iii) of the Act. Followed Prakriya Pharmacem v ITO (2016) 238 Taxman 185 ( Guj) (HC). Income chargeable under capital gains tax\u00a0 can not be assessed as income from other sources. (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 47 (iii) : Capital gains-Transaction not regarded as transfer\u2013Gift -Transfer of shares made as gift without consideration are not taxable under provisions of capital gains-Income chargeable under capital gains tax  cannot be assessed as income from other sources. [S. 45]<\/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-5584","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1s4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5584","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=5584"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5584\/revisions"}],"predecessor-version":[{"id":6868,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5584\/revisions\/6868"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}