{"id":9787,"date":"2020-02-11T05:38:26","date_gmt":"2020-02-11T05:38:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/aavishkar-film-p-ltd-v-ito-2019-178-itd-613-mum-trib\/"},"modified":"2020-02-11T05:38:26","modified_gmt":"2020-02-11T05:38:26","slug":"aavishkar-film-p-ltd-v-ito-2019-178-itd-613-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aavishkar-film-p-ltd-v-ito-2019-178-itd-613-mum-trib\/","title":{"rendered":"Aavishkar Film (P.) Ltd. v. ITO (2019) 178 ITD 613 (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee declared short-term capital gain arising from sale of flat. AO adopted the stamp valuation as deemed consideration. CIT (A) up held the order of the AO. On appeal the Tribunal held that where assessee objects to adoption of stamp duty value as deemed sale consideration, AO is duty\u00a0 bound to make a reference to DVO under sub-section (2) for determining value of property and thereafter proceed to compute capital gains by following provisions of sub-section (3) of section 50C \u00a0of the Act. Accordingly the \u00a0matter remanded back for disposal afresh. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50C : Capital gains-Full value of consideration-Stamp valuation-When an assessee objects for stamp valuation\u2013AO is bound to make reference to DVO for determination of value of property-Matter remanded. [S.45, 50C(2)]<\/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-9787","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9787","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=9787"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9787\/revisions"}],"predecessor-version":[{"id":9788,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9787\/revisions\/9788"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}