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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition of long term capital gain - Since the possession of ...


Property Transfer Contested: No Long-Term Capital Gain Due to Conditional Agreement u/s 2(47)(v.

February 2, 2016

Case Laws     Income Tax     AT

Addition of long term capital gain - Since the possession of the property was to be given to the developer only upon fulfillment of the conditions of the agreement i.e. last payment, therefore, there is no transfer in terms of section 2(47)(v) - AT

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