Capital gain taxable in the hands of legal owner who transferred property by registering sale deed

Mumtaz Abdul Aziz Vs ITO (ITAT Mumbai) ITAT Mumbai held that capital gain is to be taxed in the hands of legal owner of the property who has transferred the property by registering sale deed. Merely because interest of housing loan is claimed by the son of the assessee, it doesn’t make him the owner of the property. Facts- The present appeal is preferred by the assessee being aggrieved with the appellate order passed by the National Faceless Appeal Centre, Delhi. The fact of the case shows that assessee is not filing ROI for the A.Y. 2011-12, however, the information is available that assess...