{"id":8603,"date":"2019-12-18T11:17:39","date_gmt":"2019-12-18T11:17:39","guid":{"rendered":"http:\/\/itatonline.org\/digest\/h-s-ramchandra-rao-v-cit-sc-www-itatonline-org-editorial-order-in-cit-v-ramachandra-rao-2011-330-itr-322-karn-hc-is-affirmed\/"},"modified":"2021-07-12T06:46:32","modified_gmt":"2021-07-12T01:16:32","slug":"h-s-ramchandra-rao-v-cit-sc-www-itatonline-org-editorial-order-in-cit-v-ramachandra-rao-2011-330-itr-322-karn-hc-is-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/h-s-ramchandra-rao-v-cit-sc-www-itatonline-org-editorial-order-in-cit-v-ramachandra-rao-2011-330-itr-322-karn-hc-is-affirmed\/","title":{"rendered":"H.  S. Ramchandra Rao v.  CIT ( 2019) 419 ITR 480\/ 311 CTR  945 \/ 184 DTR 305\/( 2020) 269 Taxman 372  SC) www.itatonline.org Editorial : Order in CIT v.  Ramachandra Rao  (2011) 330 ITR 322 (Karn.) (HC) is affirmed)"},"content":{"rendered":"<p>Amount received by assessee for relinquishing secretaryship of educational society cannot be treated as a capital receipt. \u00a0The question of the principle of capital asset being invoked does not arise. \u00a0The receipt is assessable as income from other sources. It may have been a different matter if it was a case of life time appointment of the assessee as Secretary of the concerned Institution but no such evidence was produced by the assessee. (BP 1-4-1990-14-07-2000) \u00a0\u00a0( CA 8594\/2010, dt. 21. 11. 2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources \u2013 Capital or revenue-Amount received for relinquishing secretaryship of educational society cannot be treated as a capital receipt-Assessable as income from other sources. [S. 4, 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-8603","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2eL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8603","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=8603"}],"version-history":[{"count":6,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8603\/revisions"}],"predecessor-version":[{"id":20171,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8603\/revisions\/20171"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}