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Section 54F benefit allowable in case of part performance of contract
Case Law Details
- Case Name
- Smt. Sabita Devi Agarwal Vs ITO (ITAT Kolkata)
- 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 Kolkata
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Smt. Sabita Devi Agarwal Vs ITO (ITAT Kolkata)
In the present case, assessee who was owner of 1/4th share in a residential house, had transferred the asset by way of registering a general power of attorney in favour of purchaser. The registration of the sale of said property had not taken place. AO invoked the decision in the case of Suraj Lamp & Industries Ltd. vs. State of Haryana; 340 ITR 1 (SC), and held that registration of general power of attorney could not convey the title nor did it tantamount to a valid mode of transfer of immovable property. AO denied the cla...
