This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Capital Gains Boost: Indexation Allowed from Letter of Intent Date by ITAT Mumbai – Reason: Acquisition of Vested Rights
Case Law Details
- Case Name
- Anand Swarup Mehta Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Anand Swarup Mehta Vs ITO (ITAT Mumbai)
Indexation to be allowed from date of allotment letter – Letter of Intent qualifies as acquisition for capital gains-Letter of Intent equals Allotment – Ownership not essential – Right to hold property sufficient for indexation, rules Tribunal- “AO bound by ITAT precedent – Revenue can’t deny relief pending High Court appeal
Assessee, a Non-Resident Indian, filed appeal against the order dated 18.12.2024 passed pursuant to DRP’s directions u/s 144C(5), wherein AO computed total income at ₹3.34 crore as against returned in...
Author Info
