No capital Gain Tax on Gift of Immovable Property to Sister

Sanjay Bansal Vs ITO (ITAT Delhi) The transfer/ gift deed available at pages 85-140 of the Paper Book reveals that the transfer/ gift deed is made and executed on 19.11.2008 between Shri Sanjay Bansal and Smt. Manju Garg. It is mentioned in the recital that the transferor/ donor is the allottee, lessee and in possession of the said property duly allotted by the Noida Authority; that the lease deed in respect of the property has been executed by the Noida Authority in favour of the transferor as lessee for the term of 90 years and the same is registered; that the transferor/ donor is the brothe...