https://www.taxtmi.com/caselaws?id=179707 The Tribunal upheld the decision of the Ld. CIT (A) in dismissing the revenue's appeal, ruling that the capital gain could not be taxed in A.Y. 2007-08. It was determined that the transfer occurred on 04.11.2004, not on 22.02.2007, as contended by the revenue. Additionally, the Tribunal found the applicability of section 50C irrelevant as there was no transfer in the relevant assessment year. en-us Wed, 18 Jan 2012 00:00:00 +0530 Tue, 08 Mar 2016 15:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179707 The Tribunal upheld the decision of the Ld. CIT (A) in dismissing the revenue's appeal, ruling that the capital gain could not be taxed in A.Y. 2007-08. It was determined that the transfer occurred on 04.11.2004, not on 22.02.2007, as contended by the revenue. Additionally, the Tribunal found the applicability of section 50C irrelevant as there was no transfer in the relevant assessment year. Case-Laws Income Tax Wed, 18 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179707