Relinquishment of the share of assessee in the property ...

Relinquishing property share to sisters is a transfer u/s 2(47), triggering capital gains tax per Section 45.

August 27, 2015

Case Laws Income Tax AT

Relinquishment of the share of assessee in the property comprising of land in favour of sisters who is co-owner - whether was a transfer within the meaning of section 2(47) and capital gain accruing on such transfer was exigible to capital gains tax u/s. 45? - Held Yes - AT

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Relinquishment of the share of assessee in the property ...

Relinquishing property share to sisters is a transfer u/s 2(47), triggering capital gains tax per Section 45.

August 27, 2015

Case Laws Income Tax AT

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