Capital gain leviable in year when property was handed over to purchaser amp; not in year of registration of sale deed

INCOME TAX : Where assessee entered into an agreement for transfer of land on 6-5-2000 and possession of property was also handed over to purchaser on receiving substantial part of sale consideration and sale deed was registered on 3-8-2006, capital gain would be chargeable in assessment year 2001-02 and not in assessment year 2007-08INCOME TAX : Where assessee entered into an agreement for transfer of land on 6-5-2000 and possession of property was also handed over to purchaser on receiving substantial part of sale consideration and sale deed was registered on 3-8-2006, capital gain would be chargeable in assessment year 2001-02 and not in assessment year 2007-08www.taxmann.com Latest Case LawsRead More

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