Capital gains from land gifted by husband to wife taxable in husband’s hands

Sushama Rajesh Rao Vs DCIT (ITAT Bangalore) Clubbing Provision Mandatory- Capital Gains on Gifted Property Taxable in Husband’s Hands – ITAT Bangalore Applies Clubbing Rule; Love & Affection Is Not Adequate Consideration – Tribunal Deletes ₹8.36 Cr Addition Assessee, Smt. Sushama Rajesh Rao, received agricultural land as a gift from her husband vide deed dated 04.05.2009. The land was originally allotted to her husband under a family partition in 1995. Subsequently, the land was converted into non-agricultural land on 08.06.2011 & sold on 29.06.2011 for a total consideration o...