Case Law Details
Case Name : Pradeep Bansal Vs ACIT (ITAT Delhi)
Related Assessment Year : 2019-20
Courts :
All ITAT ITAT Delhi
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Pradeep Bansal Vs ACIT (ITAT Delhi)
ITAT Delhi held that once long term capital gain along with cost of acquisition and indexation accepted in the hands of one of the co-owner of the property, the same needs to be allowed/ accepted for other co-owner of the property too.
Facts- The assessee is an individual who filed his return declaring total income of Rs.60,24,620/- comprising of long term capital gains of Rs.59,10,401/- and income from other sources at Rs.1,24,222/-. AO
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