Deeming gift of immovable property - applicability of section ...

Section 56(2)(vii) Applicability: Immovable Property Gift Before October 1, 2009, Not Affected by 2010 Transfer Deed.

February 23, 2023

Case Laws Income Tax AT

Deeming gift of immovable property - applicability of section 56(2)(vii) - gift of immovable property to appellant (done) prior to 1.10.2009 - Transfer Deed of lease hold rights executed and registered on 23.10.2010 was merely documents whose execution became necessary for creating a legal title. Assessee cannot be put to disadvantage on basis of this documents dated 23/10/2010, so as to say that there was transfer of interest on this date only. - AT

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Deeming gift of immovable property - applicability of section ...

Section 56(2)(vii) Applicability: Immovable Property Gift Before October 1, 2009, Not Affected by 2010 Transfer Deed.

February 23, 2023

Case Laws Income Tax AT

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