Follow Us:
  2. Income Tax
  3. Featured

No Transfer U/s 2(47) – Temporary Alternate Flat Not Taxable – ITAT Mumbai

Case Law Details

Case Name : Shatrughan K. Patil Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts : All ITAT ITAT Mumbai
Become a Premium member to Download. If you are already a Premium member, Login here to access.

Shatrughan K. Patil Vs ACIT (ITAT Mumbai)

No Transfer u/s 2(47) – Temporary Alternate Accommodation Not Taxable – Addition on Notarised Agreement Deleted – ITAT Mumbai

AO made addition of ₹13.56 lakh treating notarised agreement for flat as consideration received under development agreement and presumed transfer of property. CIT(A) upheld addition. Assessee contended that flat was only temporary alternate accommodation provided by developer during redevelo

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Tags:

Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer.

Author Bio

Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4550
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

My Published Posts

Suppressed Sales Addition Deleted: KOT Data and Survey Admissions Without Corroboration Not Valid Penalty U/s 270A Set Aside as U/s 270AA Immunity Denied Due to Form 68 Glitch – ITAT Remands Case Denial of U/s 80G Approval to Educational Trust Held Unjustified – ITAT Directs CIT(E) to Grant Approval Construction Cost Disallowance in Capital Gains Set Aside; AO to Examine Valuation Report Reassessment Notice Issued to Deceased Person Invalid – Entire Proceedings u/s 147 Quashed – ITAT Bangalore View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Posts

View All Posts
Ads Free tax News and Updates

Featured Posts

View All Featured Posts

Popular Posts

Search Post by Date
March 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031