https://www.taxtmi.com/caselaws?id=244901 The Tribunal ruled in favor of the appellant in a case involving the assessment of capital gains on the sale of a property. The appellant, acting as an agent without consideration, contested the valuation and indexation used in the assessment. The Tribunal found that the appellant's role as an agent was supported by registered documents and the actual owner's statement, leading to the acceptance of the appellant's primary argument. Consequently, the Tribunal allowed the appeal, determining that the appellant could not be treated as the owner of the property sold, thereby overturning the lower appellate decision. en-us Fri, 21 Feb 2014 00:00:00 +0530 Wed, 12 Mar 2014 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244901 The Tribunal ruled in favor of the appellant in a case involving the assessment of capital gains on the sale of a property. The appellant, acting as an agent without consideration, contested the valuation and indexation used in the assessment. The Tribunal found that the appellant's role as an agent was supported by registered documents and the actual owner's statement, leading to the acceptance of the appellant's primary argument. Consequently, the Tribunal allowed the appeal, determining that the appellant could not be treated as the owner of the property sold, thereby overturning the lower appellate decision. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244901