https://www.taxtmi.com/caselaws?id=248318 Sale deeds executed in violation of the Tamil Nadu Land Reforms Act were declared null and void by a Lok Adalat award, raising the question whether they could still be treated as giving rise to taxable capital gains. The award, being final and binding and deemed a civil court decree under the Legal Services Authorities Act, meant that a separate cancellation deed was not essential before tax relief could be considered. The proper course was to verify the Lok Adalat award and then determine the tax consequence in accordance with law. The assessee's contention was accepted in principle, and the matter was remitted for fresh verification and decision. en-us Fri, 23 May 2014 00:00:00 +0530 Mon, 09 Jun 2014 14:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248318 Sale deeds executed in violation of the Tamil Nadu Land Reforms Act were declared null and void by a Lok Adalat award, raising the question whether they could still be treated as giving rise to taxable capital gains. The award, being final and binding and deemed a civil court decree under the Legal Services Authorities Act, meant that a separate cancellation deed was not essential before tax relief could be considered. The proper course was to verify the Lok Adalat award and then determine the tax consequence in accordance with law. The assessee's contention was accepted in principle, and the matter was remitted for fresh verification and decision. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248318