Case Law Details
Case Name : Sayed Sikander Vs PCIT (Telangana High Court)
Appeal Number : I.A.No.1 of 2022 in/& I.T.T.A. No. 251 of 2022
Date of Judgement/Order : 20/09/2022
Related Assessment Year :
Courts :
All High Courts Telangana High Court
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Sayed Sikander Vs PCIT (Telangana High Court)
Telangana High Court held that Tribunal rightly held the addition of LTCG as execution of registered sale deed is valid transfer u/s 2(47)(V). Hence, as the finding of fact by the Tribunal is clear the same doesn’t require any interference.
Facts-
Appellant is an association under the Act having the status of ‘individual’. In the assessment (re-assessment) proceedings for the assessment year 2010-11, assessing officer added Rs.2,81,88,700.00 as long term capital gains vide the assessment order dated 22.01.2014 passed under Section 143(3) of the Act read with Section 147 of the said Act.
Conclusion-
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