https://www.taxtmi.com/caselaws?id=151615 The Tribunal upheld the Assessing Officer's decision regarding the application of section 50C of the Income-tax Act, 1961 to a property transaction. The dispute centered on the completion of the sale and calculation of capital gains based on possession transfer to a developer. The Tribunal emphasized the importance of registered sale deeds and proper documentation to support property transfer claims. Lack of evidence confirming the completion of the transfer led to the dismissal of the appeal, highlighting the necessity of complying with registration requirements and providing substantial evidence in tax matters. en-us Tue, 19 Jan 2010 00:00:00 +0530 Fri, 07 Jun 2013 18:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151615 The Tribunal upheld the Assessing Officer's decision regarding the application of section 50C of the Income-tax Act, 1961 to a property transaction. The dispute centered on the completion of the sale and calculation of capital gains based on possession transfer to a developer. The Tribunal emphasized the importance of registered sale deeds and proper documentation to support property transfer claims. Lack of evidence confirming the completion of the transfer led to the dismissal of the appeal, highlighting the necessity of complying with registration requirements and providing substantial evidence in tax matters. Case-Laws Income Tax Tue, 19 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151615