Capital Gain taxable in the year of transfer

HIGH COURT OF DELHI Ajay Guliya v/s. Assistant Commissioner of Income-tax, New Delhi IT APPEAL NO. 423 OF 2012 JULY 16, 2012 ORDER S. Ravindra Bhat, J.  The appellant is aggrieved by an order dated 17.2.2012 of the ITAT by which the revenue’s appeal, against the order of the CIT(A) was allowed. 2. The assessee claims in this appeal the following substantial question of law arises for consideration i.e. “whether the Tribunal fell into error in holding that the amount of Rs. 26,25,000/-, which was yet to be received by the assessee, was subject to tax under the head...