{"id":601,"date":"2018-05-02T01:19:05","date_gmt":"2018-05-02T01:19:05","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vikas-solvextracts-p-ltd-v-dcit-2018-168-itd-692-192-ttj-591-kol-trib\/"},"modified":"2018-06-07T11:38:41","modified_gmt":"2018-06-07T11:38:41","slug":"vikas-solvextracts-p-ltd-v-dcit-2018-168-itd-692-192-ttj-591-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vikas-solvextracts-p-ltd-v-dcit-2018-168-itd-692-192-ttj-591-kol-trib\/","title":{"rendered":"Vikas Solvextracts (P.) Ltd.  v.  DCIT  (2018) 168 ITD 692\/192 TTJ 591 \/ 164 DTR 161  (Kol)  (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that ; Transfer of land to developer for construction of commercial complex and letting the flats which it got from developer and offering the income as rental income , subsequent sale of flats was held to be assessable as capital gains and cannot be assessed as business income by applying the provision of S. 45(2) of the Act . ( AY. 2006 -07 to 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains \u2013 Stock in trade -Transfer of land to developer for construction of commercial complex and letting the flats which it got from developer  and offering the income as rental income , subsequent sale of flats was held to be assessable as capital gains and cannot be assessed as business income by applying the provision of S. 45(2) of the Act . [ 28(i), 45(2)]<\/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-601","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9H","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/601","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=601"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/601\/revisions"}],"predecessor-version":[{"id":1210,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/601\/revisions\/1210"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}