Case Law Details
Case Name : Shri. Tirumalasetti Srinivasa Rao Vs. DCIT (ITAT Visakhapatnam)
Related Assessment Year : 2008-2009
Courts :
All ITAT ITAT Visakhapatnam
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Shri Tirumalasetti Srinivasa Rao Vs. DCIT (ITAT Visakhapatnam)
The issue under consideration is whether the transaction of transferring the possession of property to the builder by entering into sale agreement coupled with power of attorney will give rise to Capital Gain?
In the present case, the assessee argued that he has not sold the property, it was only the sale agreement, hence, the case does not cover for the purpose of capital gains. Further he argued that the asse
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