Transfer of property and accrual of capital gain - Year of ...

Dispute Over Property Transfer Year: Section 53A Not Applied; No Possession Transfer, No Capital Gains for 2008-09.

February 7, 2022

Case Laws Income Tax AT

Transfer of property and accrual of capital gain - Year of transfer of capital asset - Agreement to sell - It is not the case of the AO that the provisions of sec. 53A of the Transfer of Property Act would apply to the impugned transaction. In fact, it is the submission of the assessee that the possession was never given to Buyer - the question of assessing any capital gain in AY 2008-09 does not arise. - AT

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Transfer of property and accrual of capital gain - Year of ...

Dispute Over Property Transfer Year: Section 53A Not Applied; No Possession Transfer, No Capital Gains for 2008-09.

February 7, 2022

Case Laws Income Tax AT

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