Despite deferment of Consideration capital gain taxable in the year of transfer

IN THE ITAT MUMBAI BENCH ‘I’ Income-tax Officer-21(1)(2), Mumbai versus Ms. Indira R. Shete IT APPEAL NO. 342 (MUM.) OF 2010 [ASSESSMENT YEAR 2006-07] JULY 18, 2012 ORDER N.K. Billaiya, Accountant Member This appeal by the Revenue is directed against the order of Ld. CIT(A)-32 dt. 22.10.2009 for assessment year 2006-07. 2. The effective grounds of appeal raised by the Revenue are as under:  1.  On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 6,19,26,831/-made in respect of Long Term Capital Ga...