Capital Gain on GPA transactions, Income Tax

[govinda raju velugula]

The property was purchased by GPA in 2003 from one party by some 'X' person. But the same was registered by GPA holder Mr. X to Mr X in his individual name (both are same person only i.e, GPA holder vs. Individual) during the year 2007-08. Pl. let me know, whether Capital Gain will be attracted on these transaction

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[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.