https://www.taxtmi.com/caselaws?id=261193 Transfer for capital gains purposes may arise on an earlier agreement to sell with delivery of possession in part performance, and section 50C cannot be applied to a transaction concluded before its commencement; the capital-gains addition was therefore deleted. Interest income was treated as assessable in the individual's hands, while the remaining bank-deposit issue required verification because autosweep and reverse-sweep entries had not been examined, so that part was sent back for reworking. Agricultural income was accepted where land records showed agricultural landholding and no contrary material disproved the claim, so that addition was deleted. en-us Thu, 25 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 06:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261193 Transfer for capital gains purposes may arise on an earlier agreement to sell with delivery of possession in part performance, and section 50C cannot be applied to a transaction concluded before its commencement; the capital-gains addition was therefore deleted. Interest income was treated as assessable in the individual's hands, while the remaining bank-deposit issue required verification because autosweep and reverse-sweep entries had not been examined, so that part was sent back for reworking. Agricultural income was accepted where land records showed agricultural landholding and no contrary material disproved the claim, so that addition was deleted. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261193