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Registered Sale Deed Triggers Capital Gains Despite Dispute Over Consideration: ITAT Hyderabad
Case Law Details
- Case Name
- Smt. Mrunalini Kalagara Vs ITO (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Hyderabad
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Smt. Mrunalini Kalagara Vs ITO (ITAT Hyderabad)
Hyderabad ITAT: Registered Sale Deed Triggers Capital Gains Despite Dispute; Matter Remanded Only for Correct Computation of Cost
Summary: The Hyderabad ITAT partly allowed the assessee’s appeal for statistical purposes. It held that the transfer of immovable property through a valid registered sale deed constituted a “transfer” under Section 2(47) and attracted capital gains tax under Section 45. The Tribunal rejected the assessee’s contention that no capital gains arose on the ground that the sale deed was executed unde...
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