Computation of Capital Gains - Accrual of receipt - Inclusion of ...

Court Rules Escrow Funds Included in Sale Consideration for Capital Gains; Entire Amount Accrues in Assessment Year.

September 3, 2021

Case Laws Income Tax HC

Computation of Capital Gains - Accrual of receipt - Inclusion of amount (as part of sale consideration) retained in the Escrow Account for meeting liabilities and obligation - undoubtedly, the entire sale consideration had accrued in favour of the assessee during the assessment year under consideration. Even assuming that certain payments have been made from the amount retained in the Escrow account, it will not make or in any manner reduce the cost of acquisition - Additions confirmed - HC

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Computation of Capital Gains - Accrual of receipt - Inclusion of ...

Court Rules Escrow Funds Included in Sale Consideration for Capital Gains; Entire Amount Accrues in Assessment Year.

September 3, 2021

Case Laws Income Tax HC

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