https://www.taxtmi.com/caselaws?id=261644 The Tribunal held that the transfer of lands by the assessees to a company constituted a transfer as per the Income Tax Act for certain lands but not for others due to the absence of a written agreement. Capital gains were deemed chargeable in the assessment year 1995-1996 for the transferred lands where possession was handed over in 1994. The Tribunal allowed the assessees to raise new issues before them and directed the Assessing Officer to examine these issues based on available facts. The Tribunal dismissed the Revenue's appeals for some parties and partly allowed for further examination by the Assessing Officer for others. en-us Fri, 10 Jul 2015 00:00:00 +0530 Sat, 18 Jul 2015 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261644 The Tribunal held that the transfer of lands by the assessees to a company constituted a transfer as per the Income Tax Act for certain lands but not for others due to the absence of a written agreement. Capital gains were deemed chargeable in the assessment year 1995-1996 for the transferred lands where possession was handed over in 1994. The Tribunal allowed the assessees to raise new issues before them and directed the Assessing Officer to examine these issues based on available facts. The Tribunal dismissed the Revenue's appeals for some parties and partly allowed for further examination by the Assessing Officer for others. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261644