{"id":5828,"date":"2019-06-19T12:42:42","date_gmt":"2019-06-19T12:42:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/sabita-devi-agarwal-smt-v-ito-2019-69-itr-231-kol-trib\/"},"modified":"2019-06-19T12:42:42","modified_gmt":"2019-06-19T12:42:42","slug":"sabita-devi-agarwal-smt-v-ito-2019-69-itr-231-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sabita-devi-agarwal-smt-v-ito-2019-69-itr-231-kol-trib\/","title":{"rendered":"Sabita Devi Agarwal (Smt.) v. ITO (2019) 69 ITR 231 (Kol.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the deeming fiction provided under section\u00a050C\u00a0in respect of the term &#8220;full value of consideration&#8221; was to be applied only to section\u00a048. The meaning of &#8220;net consideration&#8221; in section\u00a054F(1)\u00a0was not governed by the meaning of &#8220;full value of consideration&#8221; as mentioned in section\u00a050C\u00a0. The Assessing Officer could not adopt the deemed consideration arrived at under section\u00a050C\u00a0while computing the deduction of the assessee for the purpose of section\u00a054F\u00a0and had to take into account only the &#8220;net consideration&#8221;.\u00a0 Investment is sufficient compliance for claiming exemption though the construction of house property is not completed is entitle to exemption. The investment made by the assessee may be sourced other than entirely from the capital gains. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54F : Capital gains-Investment in a residential house\u2013Full value of consideration-No requirement  that sale proceeds alone is to be utilised for making deposit in capital gains scheme-Only one house property as on date of sale of plots-only net consideration is required to be appropriated towards purchase of new asset.  [S. 45, 48, 50C]<\/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-5828","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1w0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5828","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=5828"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5828\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}