Case Law Details
Case Name : ITO Vs Bakthavatsalam Gowtham (Madras High Court)
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ITO Vs Bakthavatsalam Gowtham (Madras High Court)
Registration date irrelevant once Transfer complete under section 2(47)(v) in earlier years : Madras HC deletes Section 50C based tax in subsequent year
AO found that the individual assessee has executed, along with his brother, a sale deed for immovable property on 29.03.2007 relevant to the AY2007-08. The value of the property for registration purpose was shown as Rs.23,50,85,500/-. When this was sought to be assessed, the Ass Please become a Premium member. If you are already a Premium member, login here to access the full content.
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