https://www.taxtmi.com/caselaws?id=271327 The Tribunal dismissed the Revenue's appeal, affirming that no capital gain accrued to the assessee due to the absence of a valid transfer of property as per legal provisions. The Tribunal's analysis of the facts and relevant case laws supported the decision in favor of the assessee, emphasizing the failure to transfer possession as required by the Transfer of Property Act. The judgment was pronounced after considering arguments from both parties, ultimately upholding the assessee's position and dismissing the Revenue's challenge to the long term capital gain addition. en-us Thu, 05 Nov 2015 00:00:00 +0530 Thu, 07 Jan 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271327 The Tribunal dismissed the Revenue's appeal, affirming that no capital gain accrued to the assessee due to the absence of a valid transfer of property as per legal provisions. The Tribunal's analysis of the facts and relevant case laws supported the decision in favor of the assessee, emphasizing the failure to transfer possession as required by the Transfer of Property Act. The judgment was pronounced after considering arguments from both parties, ultimately upholding the assessee's position and dismissing the Revenue's challenge to the long term capital gain addition. Case-Laws Income Tax Thu, 05 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271327