https://www.taxtmi.com/caselaws?id=350310 Long-term capital gains were deleted because the assessee was not the transferor in the 2010 sale deed; the property had already been dealt with through a 2007 sale-cum-GPA arrangement, and the GPA holders executed the later conveyance. The Tribunal treated the earlier arrangement as sufficient to place control with the GPA holders and held that the assessee was not liable for capital gains on the 2010 transaction. It also upheld admission of additional legal grounds by the CIT(A), following the principle that questions of law going to the root of assessment may be entertained. The rental income discrepancy was noted in the record, but the discussion focused on the capital gains issue. en-us Tue, 31 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350310 Long-term capital gains were deleted because the assessee was not the transferor in the 2010 sale deed; the property had already been dealt with through a 2007 sale-cum-GPA arrangement, and the GPA holders executed the later conveyance. The Tribunal treated the earlier arrangement as sufficient to place control with the GPA holders and held that the assessee was not liable for capital gains on the 2010 transaction. It also upheld admission of additional legal grounds by the CIT(A), following the principle that questions of law going to the root of assessment may be entertained. The rental income discrepancy was noted in the record, but the discussion focused on the capital gains issue. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350310