{"id":7214,"date":"2019-09-14T05:56:18","date_gmt":"2019-09-14T05:56:18","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dcit-v-shri-dawood-abdulhussain-gandhi-mum-trib\/"},"modified":"2019-09-14T05:56:18","modified_gmt":"2019-09-14T05:56:18","slug":"dcit-v-shri-dawood-abdulhussain-gandhi-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-shri-dawood-abdulhussain-gandhi-mum-trib\/","title":{"rendered":"DCIT v. Shri Dawood Abdulhussain Gandhi ( Mum) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held thatthe term owns more than one residential house used in S. 54F (1) has to be strictly construed and accorded to its literal meaning. Hence, it would not include partial or fractional ownership. Thus the assesse was eligible for deduction u\/s 54F on the date of transfer of original asset. Followed ITO v. Shri Rasiklal N. Satra (2006) 98 ITD 335 (Mum) (Trib). \u00a0ITA No. 3788\/Mum\/2016 (Mum)\u00a0 dt 31.01.2018 \u2013\u2018F\u2019 Bench<\/p>\n<p><a href=\"https:\/\/www.itat.gov.in\/files\/uploads\/categoryImage\/1517463863-Dawood%20Abdul%20Hussain%20Gandhi%20latest%20new.pdf\"><strong>[Click here to download PDF file]<\/strong><\/a><\/p>\n<p>(Note : Since the judgement is not reported , it is being posted now .)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54F: Capital gains &#8211; Investment in a residential house \u2013 Part ownership in property \u2013 Not considered absolute ownership \u2013 Assesse  eligible on the date of transfer of original asset \u2013 Exemption is  allowed . [ S.45 ]<\/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-7214","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Sm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7214","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=7214"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7214\/revisions"}],"predecessor-version":[{"id":7215,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7214\/revisions\/7215"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}