Outflow towards cost of acquisition cannot be ignored for non-registration of assignment agreement

Ravikumar Tirupati Parthasarathy Vs DCIT (ITAT Bangalore) ITAT Bangalore held that merely for the reason that the assignment agreement is not registered, the actual outflow from the hands of the assessee towards acquisition of the property cannot be ignored for computing the capital gains. Facts- The assessee is a non-resident individual working in Netherlands. The case was selected for scrutiny. The assessee being an eligible assessee as per the provisions of section 144C of the Act, the AO completed the assessment u/s. 143(3) r.w.s. 144C by issuing a draft assessment order in which an additi...