{"id":64203,"date":"2026-08-28T16:30:04","date_gmt":"2026-08-28T11:00:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sterling-farm-research-and-services-p-ltd-v-cit-2026-308-taxman-121-keralahc\/"},"modified":"2026-08-28T16:30:04","modified_gmt":"2026-08-28T11:00:04","slug":"sterling-farm-research-and-services-p-ltd-v-cit-2026-308-taxman-121-keralahc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sterling-farm-research-and-services-p-ltd-v-cit-2026-308-taxman-121-keralahc\/","title":{"rendered":"Sterling Farm Research and Services (P.) Ltd. v. CIT (2026) 308 Taxman 121 (Kerala)(HC)"},"content":{"rendered":"<p>Held that the Assessing Officer had not examined whether the sale was a slump sale under Section 50B or taxable under Section 50 as short-term capital gains. Since the assessment order did not address the issue with reference to competing provisions, exercise of power under Section 263 was justified. (AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\nS. 263: Commissioner-Revision of orders prejudicial to revenue-Capital gains-Slump sale-assessment order did not address the issue with reference to competing provisions; exercise of power under Section 263 was justified.[S.45, 50B]<\/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-64203","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gHx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64203","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=64203"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64203\/revisions"}],"predecessor-version":[{"id":64204,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64203\/revisions\/64204"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}