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For Capital Gain Relevant Date is possession date not OC date
Case Law Details
- Case Name
- Sri G. Dasaratharami Reddy Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Bangalore
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G. Dasaratharami Reddy Vs ITO (ITAT Bangalore)
There is no dispute with regard to the fact that the ‘Agreement to sell’ dated 14.12.2007 contains the clause that the balance amount of Rs.16.50 lakhs shall be paid to the seller after obtaining occupancy certificate and also after giving possession of the property. There is also no dispute with regard to the fact that occupancy certificate was obtained on 17.3.2008, which fact is evident from the subsequent sale deed executed by the assessee on 15.7.2011. There is also no dispute with regard to the fact that the balance amount of Rs....
