{"id":603,"date":"2018-05-02T01:21:42","date_gmt":"2018-05-02T01:21:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/keshavji-bhuralal-gala-v-acit-2018-169-itd-23-mum-trib-3\/"},"modified":"2019-04-21T09:04:39","modified_gmt":"2019-04-21T09:04:39","slug":"keshavji-bhuralal-gala-v-acit-2018-169-itd-23-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/keshavji-bhuralal-gala-v-acit-2018-169-itd-23-mum-trib-3\/","title":{"rendered":"Keshavji Bhuralal Gala  v. ACIT  (2018) 169 ITD 23 \/165 DTR 8\/ 193 TTJ 227 \/ 63 ITR 67 (SN)(Mum)  (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that , Purchase of property from a company wherein the assessee is also director can not be assessed as income from other sources , as the amendment to assess difference arising out of stamp duty value and actual sale consideration as income in case of sale of property for a consideration less than stamp duty value of property was incorporated into statute by Finance Act, 2013 with effect from 1-4-2014 . (AY.2010-11 , 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56: Income from other sources &#8211; Purchase of property from a company wherein the assessee is also director can not be assessed as   income from other sources , as the amendment  to assess difference arising out of stamp duty value and actual sale consideration as income in case of sale of property for a consideration less than stamp duty value of property was incorporated into statute by Finance Act, 2013 with effect from 1-4-2014[ S. 56(2)(vii) ]<\/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-603","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9J","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/603","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=603"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/603\/revisions"}],"predecessor-version":[{"id":5051,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/603\/revisions\/5051"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}