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Taxability of Capital gains- On Execution of agreement of sale or sale deed?
Case Law Details
- Case Name
- Maniar Injectoplast Pvt. Ltd. Vs. ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Mumbai
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Maniar Injectoplast Pvt. Ltd. Vs. ITO (ITAT Mumbai)
It was specifically mentioned in the agreement of sale assessee was to make out a clear and marketable title to plot of land, free of all encumbrances, to the satisfaction of the purchaser’s advocate and after fulfilling the other conditions it would execute and register a deed of conveyance in the favour of purchaser. Accordingly, the assessee entered into sale Deed dated 9-12-2010 with the purchaser which was registered on same date. On execution of the said Sale Deed assessee received balance amount of Rs. 20,00,000 an...
can transfer between husband and wife of immovable property be treated as gift when sale deed has been executed between husband and wife.