{"id":9501,"date":"2020-02-06T09:24:04","date_gmt":"2020-02-06T09:24:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-swananda-properties-p-ltd-2019-267-taxman-429-bom-hc\/"},"modified":"2020-02-06T09:24:04","modified_gmt":"2020-02-06T09:24:04","slug":"pcit-v-swananda-properties-p-ltd-2019-267-taxman-429-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-swananda-properties-p-ltd-2019-267-taxman-429-bom-hc\/","title":{"rendered":"PCIT v. Swananda Properties (P.) Ltd. (2019) 267 Taxman 429 (Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that Provision\u00a0 introduced with effect from 1-4-2014 for deeming consideration received on sale of goods\/assets on basis of stamp duty valuation would be applicable prospectively. (AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43CA : Transfer of assets-other than capital assets-Full value of consideration-stock in trade-Agreement value\u2013Stamp valuation-Provision  introduced with effect from 1-4-2014 for deeming consideration received on sale of goods\/assets on basis of stamp duty valuation would be applicable prospectively-Rejection of books of account is held to be not justified. [S.50C, 145]<\/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-9501","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2tf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9501","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=9501"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9501\/revisions"}],"predecessor-version":[{"id":9502,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9501\/revisions\/9502"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}