Sponsored
    Follow Us:

Case Law Details

Case Name : Shri R. Prakash Vs The Income Tax Officer (ITAT Bangalore)
Related Assessment Year : 2009- 10
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

It is not in dispute that Mrs. Shyamala Vijai and Mrs. Poornima Shivaram were entitled to half share each over the property that was sold to the appellant. In fact, as we have already seen, the sale deed clearly acknowledges the receipt of sale consideration of Rs.1 .20 crore by both the vendors in equal shares. In law, Mrs. Shyamala Vijai and Mrs. Poornima Shivaram are entitled to half share each over the property. The share of each of the vendors would therefore be Rs. 60 lakhs. Mrs. Shyamala Vijai is, admittedly, a non-resident and to the extent of Rs. 60 lak

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31