https://www.taxtmi.com/caselaws?id=63766 The Tribunal ruled in favor of the appellant in a case concerning ownership of property and profit on its sale. It found that the appellant had only constructed the property on behalf of the actual owner, Mr. Bahl, who later sold it to a third party. Despite initial claims, Mr. Bahl's retraction of statements and lack of documentary evidence led the Tribunal to conclude that the appellant was not the owner of the property. Consequently, the Tribunal deleted the addition of Rs. 4 lakhs made by the Assessing Officer, absolving the appellant from tax liability on the profit from the property sale. en-us Tue, 31 Oct 1995 00:00:00 +0530 Tue, 01 Feb 2011 16:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63766 The Tribunal ruled in favor of the appellant in a case concerning ownership of property and profit on its sale. It found that the appellant had only constructed the property on behalf of the actual owner, Mr. Bahl, who later sold it to a third party. Despite initial claims, Mr. Bahl's retraction of statements and lack of documentary evidence led the Tribunal to conclude that the appellant was not the owner of the property. Consequently, the Tribunal deleted the addition of Rs. 4 lakhs made by the Assessing Officer, absolving the appellant from tax liability on the profit from the property sale. Case-Laws Income Tax Tue, 31 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63766