Sponsored
    Follow Us:

Case Law Details

Case Name : Sachin Ramesh Pawar Vs ITO (ITAT Pune)
Related Assessment Year : 2013-14
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Sachin Ramesh Pawar Vs ITO (ITAT Pune)

Conclusion: Since assessee’s claims regarding possession and consideration were supported by documents that were not presented before AO or CIT(A), Tribunal directed AO to verify the facts by deputing an inspector or obtaining a remand report from the ITO, Satara. If it was confirmed that possession remained with assessee and no consideration was received, LTCG addition would be invalid.

Held: Assessee was running a computer center. Assessee and seven co-owners entered a Development Agreement with Sh

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Your email address will not be published.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