{"id":63294,"date":"2026-07-31T16:33:27","date_gmt":"2026-07-31T11:03:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sterling-holiday-resorts-ltd-v-dy-cit-2025-127-itr-284-180-taxmann-com-310-mum-trib-3\/"},"modified":"2026-07-31T16:33:27","modified_gmt":"2026-07-31T11:03:27","slug":"sterling-holiday-resorts-ltd-v-dy-cit-2025-127-itr-284-180-taxmann-com-310-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sterling-holiday-resorts-ltd-v-dy-cit-2025-127-itr-284-180-taxmann-com-310-mum-trib-3\/","title":{"rendered":"Sterling Holiday Resorts Ltd. v. Dy. CIT (2025) 127 ITR 284 \/ 180 taxmann.com 310 (Mum.)(Trib.)"},"content":{"rendered":"<p>The assessee claimed long-term capital loss on the basis of a valuation report determining the fair market value of land as on 1-4-2001. As the Collector\/Circle rate was not available on record, the Tribunal held that the matter required fresh examination. The issue was restored to the Commissioner (Appeals) for determination after obtaining the Collector\/Circle rate and giving opportunity to both parties. (AY. 2018-19).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Fair market value as on 1-4-2001-Collector\/Circle rate not examined-Matter remanded.[S.48, 55] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63294","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gsS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63294","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=63294"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63294\/revisions"}],"predecessor-version":[{"id":63295,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63294\/revisions\/63295"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}