{"id":8597,"date":"2019-12-18T11:16:17","date_gmt":"2019-12-18T11:16:17","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ara-properties-p-ltd-v-dy-cit-201975-itr-12-sn-kol-trib-2\/"},"modified":"2019-12-18T11:16:17","modified_gmt":"2019-12-18T11:16:17","slug":"ara-properties-p-ltd-v-dy-cit-201975-itr-12-sn-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ara-properties-p-ltd-v-dy-cit-201975-itr-12-sn-kol-trib-2\/","title":{"rendered":"Ara properties P.  Ltd  v.  Dy.  CIT (2019)75 ITR 12 (SN) (Kol.) Trib)"},"content":{"rendered":"<p>Tribunal held that the \u00a0property sold by the assessee in the building was leasehold property and the addition made by the AO and confirmed by the CIT(A)\u00a0 by invoking the provisions of S\u00a050C\u00a0 is held to be\u00a0 not sustainable. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50C : Capital gains-Full value of consideration-Stamp valuation\u2013Lease hold rights\u2013Stamp valuation is not applicable-Addition is held to be not valid.  [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-8597","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2eF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8597","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=8597"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8597\/revisions"}],"predecessor-version":[{"id":8598,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8597\/revisions\/8598"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}