Unregistered Satakat not supported by other evidence doesn’t possess evidentiary value

Jigneshbhai Kishorbhai Bhajiyawala (HUF) Vs ITO (ITAT Surat) Held that no part consideration of acquisition of asset/property was paid on alleged execution of possession-cum-Satakat and there is no other corroborative evidence to substantiate the claim of assessee. Capital gain treated as STCG instead of LTCG. Facts- The assessee has claimed deduction u/s. 54. The assessee furnished necessary working and the evidences to support her claim. On further verification of facts the AO his view that the gain earned on sale of property under reference is short term capital gain (STCG) and not long ter...