{"id":34651,"date":"2023-05-14T06:11:13","date_gmt":"2023-05-14T00:41:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=34651"},"modified":"2023-05-14T06:11:13","modified_gmt":"2023-05-14T00:41:13","slug":"sec-562viib-2","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/sec-562viib-2\/","title":{"rendered":"Sec. 56(2)(viib)"},"content":{"rendered":"<p>Whether provisions of Sec. Sec. 56(2)(vii) (b) are applicable for Registered Agreement to sale between the land owner and developer. Since the word used in section are <strong><em>&#8221; property means the following capital asset of the assessee namely :-<\/em><\/strong><\/p>\n<p><strong><em>immovable property being land or building or both&#8230;&#8230;&#8230;<\/em><\/strong><\/p>\n<p>Can assessee context the issue on the ground that by executing\u00a0 agreement to sale , assessee has got the rights in property but not the immovable property by drawing the inference from various decisions in the context of 50C, where in it is held that the provisions of Sec. 50C are not applicable for rights in land or building .<\/p>\n<p>pl guide<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[205,891],"class_list":["post-34651","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-50c","qa_tag-agreement-to-sale"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/34651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34651"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34651"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=34651"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=34651"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=34651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}