{"id":777,"date":"2018-05-11T06:47:42","date_gmt":"2018-05-11T06:47:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-kavita-gupta-mum-trib-www-itat-nic\/"},"modified":"2018-05-11T06:47:42","modified_gmt":"2018-05-11T06:47:42","slug":"ito-v-kavita-gupta-mum-trib-www-itat-nic","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-kavita-gupta-mum-trib-www-itat-nic\/","title":{"rendered":"ITO   v. Kavita Gupta  ( Mum) ( Trib) www.itat.nic"},"content":{"rendered":"<p>Dismissing the appeal of the revenue , the Tribunal held that , though the assessee has purchased four flats , merged in to one unit the exemption is held to be available . The Inspector carried out spot verification and reported that though  there are four flats but the same has been merged in to one composite flat having a common entrance  door , and was used as a residence .Followed CIT v Devdas Naik ( 2014) 366 ITR 12 ( Bom) (HC) , ITO v .Sushila M. Jhaveri ( 2007) 107 ITD 327  ( SB)( Mum)( Trib) ( ITA NO. 6884\/Mum\/2014 dt. 11-04 2018  (AY. 2009 -10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54 : Capital gains &#8211; Profit on sale of property used for residence-Purchase of four  flats  merged in to one  residential house \u2013 Entitle to exemption. [ 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-777","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/777","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=777"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/777\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}