ITAT Directs AO to Consider Circle Rate on Agreement Date for Tax Calculation

Tamal Kundu Vs ITO (ITAT Kolkata) Unregistered Agreement vs. Sale Deed: Taxation Year; Unregistered Agreement in One Fiscal Year, Sale Deed in Another: When is Property Gain Taxed?; ITAT: Sale Transfer Incomplete Without Registered Deed; Directs AO to Consider Circle Rate on Agreement Date for Tax Calculation Income Tax Appellate Tribunal (ITAT) Kolkata has recently addressed a crucial question regarding the year of taxation for immovable property acquired through an unregistered agreement to sell in one financial year and a registered sale deed in a subsequent year. The case of Tamal Kundu vs...