{"id":5825,"date":"2019-06-19T12:41:38","date_gmt":"2019-06-19T12:41:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/unitech-ltd-v-dcit-2019-176-itd-266-delhitrib-5\/"},"modified":"2019-06-19T12:41:38","modified_gmt":"2019-06-19T12:41:38","slug":"unitech-ltd-v-dcit-2019-176-itd-266-delhitrib-5","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/unitech-ltd-v-dcit-2019-176-itd-266-delhitrib-5\/","title":{"rendered":"Unitech Ltd. v. DCIT  (2019) 176 ITD 266 (Delhi)(Trib.)"},"content":{"rendered":"<p>Tribunal held that at time of purchase of shares, they were recorded and classified under head &#8216;investment&#8217; in books of account and were also reflected as such in audited financial statements from year to year and never these shares had been treated as tradable or stock-in-trade, shares could not be treated as stock-in-trade. Sale consideration is assessable as capital gains and not as business income. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Business income-Shares held as investment\u2013Recorded as investment in the books of account at the time of purchase and from year to year\u2013Sale consideration cannot be assessable as business income.[S. 28(i)]<\/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-5825","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1vX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5825","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=5825"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5825\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}