https://www.taxtmi.com/caselaws?id=340072 The ITAT Kolkata upheld the treatment of short term capital gain from the sale of flats in the current year, deeming the conveyance deed registration as constituting a transfer. The disallowance of brokerage expenses was remanded back to the AO for proper examination, as the ITAT found the initial dismissal by the Ld. CIT(A) without reference to the AO to be improper. The appeal was partly allowed for statistical purposes, emphasizing the significance of precise tax assessment and compliance with legal procedures in determining taxable gains and allowable expenses. en-us Fri, 03 Mar 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340072 The ITAT Kolkata upheld the treatment of short term capital gain from the sale of flats in the current year, deeming the conveyance deed registration as constituting a transfer. The disallowance of brokerage expenses was remanded back to the AO for proper examination, as the ITAT found the initial dismissal by the Ld. CIT(A) without reference to the AO to be improper. The appeal was partly allowed for statistical purposes, emphasizing the significance of precise tax assessment and compliance with legal procedures in determining taxable gains and allowable expenses. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340072