Assessee’s Burden to Prove Non-Accrual of Capital Gain: ITAT directs Re-Adjudication

P. Selvamani Ranjithan Vs ITO (ITAT Chennai)

In the recent case of P. Selvamani Ranjithan Vs ITO at ITAT Chennai, the burden of proving the non-accrual of capital gains was placed on the assessee. The tribunal has ordered for a re-evaluation of the capital gain assessment in the case, stressing on the assessee’s responsibility to establish evidence to substantiate her claims.

The case centers around the sale of a property that the assessee, P. Selvamani Ranjithan, claims did not resu

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