{"id":13730,"date":"2020-11-13T04:11:57","date_gmt":"2020-11-13T04:11:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/vsvs-query-anish\/"},"modified":"2020-11-15T03:21:39","modified_gmt":"2020-11-15T03:21:39","slug":"vsvs-query-anish","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/vsvs-query-anish\/","title":{"rendered":"VSVS Query Anish"},"content":{"rendered":"<p>VSVS query?<\/p>\n<p>A sold land at 5 Cr, claimed 1 Cr expense on removing encroachment and  Rs.1 cr transfer\/improvement cost. AO disallowed 1 Cr expense but allowed 1 Cr improvement cost.<\/p>\n<p> A challenged 1 Cr addition. citA allowed full relief  in Apr 2020.<\/p>\n<p>Later on CIT passed 263 directing AO to disallow Rs.1 cr cost of improvement. Order u\/s 143(3) r.w.s 263 passed disallowing 1 cr improvement cost. <\/p>\n<p>A challenged order 263 before ITAT and order u\/s 143(3) res 263 before citA. <\/p>\n<p>If A wish to avail VSVS then what ld be tax demand?<br \/>\nWill it be against addition of rs 1 cr or 2 Cr (1 cr allowed +1 Cr pending appeal)?<\/p>\n<p>Ay is same. Two different appeal filed. Both were pending as on 31.01.2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VSVS query? A sold land at 5 Cr, claimed 1 Cr expense on removing encroachment and Rs.1 cr transfer\/improvement cost. AO disallowed 1 Cr expense but allowed 1 Cr improvement cost. A challenged 1 Cr addition. citA allowed full relief in Apr 2020. Later on CIT passed 263 directing AO to disallow Rs.1 cr cost of improvement. Order u\/s 143(3) r.w.s 263 passed disallowing 1 cr improvement cost. A challenged order 263 before ITAT and order u\/s 143(3) res 263 before citA. If A wish to avail VSVS then what ld be tax demand? Will it be against addition of rs 1 cr or 2 Cr (1 cr allowed +1 Cr pending appeal)? Ay is same. Two different appeal filed. Both were pending as on 31.01.2020.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/vsvs-query-anish\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-13730","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/13730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13730"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13730"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13730"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=13730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}