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Andhra Pradesh HC Orders Refund of Double Tax Paid on Same Capital Gains
Case Law Details
- Case Name
- Srirama Pankajam Vs Union of India (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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Srirama Pankajam Vs Union of India (Andhra Pradesh High Court)
The Andhra Pradesh High Court considered a writ petition filed by a taxpayer who had inherited a 1/3rd share in an undivided property along with a building in Visakhapatnam after the death of her husband. The petitioner, along with her son and daughter, entered into a Development Agreement-cum-General Power of Attorney dated 24.02.2011 with a developer for construction of flats. Treating the transaction as giving rise to capital gains in the financial year 2012-2013 corresponding to Assessment Year (AY) 2013-2014, the petitioner of...
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