{"id":9982,"date":"2020-02-18T12:19:04","date_gmt":"2020-02-18T12:19:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/minal-nayan-shah-smt-v-pcit-2020-180-itd-149-ahd-trib\/"},"modified":"2020-12-24T14:12:19","modified_gmt":"2020-12-24T14:12:19","slug":"minal-nayan-shah-smt-v-pcit-2020-180-itd-149-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/minal-nayan-shah-smt-v-pcit-2020-180-itd-149-ahd-trib\/","title":{"rendered":"Minal Nayan Shah (Smt.) v. PCIT (2020) 180 ITD 149 (Ahd.)(Trib.)  Editorial : Affirmed in PCIT v. Minal Nayan Shah (2020) 428 ITR 23 (Guj)(HC)"},"content":{"rendered":"<p>Assessee individual had sold an immovable property and invested sale consideration for purchase of entire block (consisting of 3 residential units located at different floors of same building) of residential project within specified time.\u00a0 Aassessee claimed exemption under S 54F\u00a0 of the Act\u00a0 which was allowed. PCIT under revision held that entire super structure of block in residential project comprised of 3 independent units could not be regarded as &#8216;a residential house&#8217; as contemplated under S.\u00a0 54F and, hence, assessee was not eligible for claim of deduction under said section. On appeal the Tribunal held that, position prior to 1-4-2015, multiple residential units are included within sphere of S. 54F of the Act, accordingly the revision is held to be not justified (AY. 2014-2015)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue- Investment in residential house-Position prior to 1-4-2015: Multiple residential units are included within sphere of S. 54F of the Act-Revision is held to be not justified. [S. 54F]<\/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-9982","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2B0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9982","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=9982"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9982\/revisions"}],"predecessor-version":[{"id":14610,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9982\/revisions\/14610"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}