https://www.taxtmi.com/caselaws?id=353961 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee did not acquire ownership of the property and therefore could not be taxed under Section 50C. The appeal by the revenue was dismissed, and the CO filed by the assessee was deemed infructuous. The judgment highlighted the significance of meeting conditions in property agreements and the differentiation between possession and ownership for tax assessments. en-us Thu, 30 Nov 2017 00:00:00 +0530 Tue, 16 Jan 2018 09:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353961 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee did not acquire ownership of the property and therefore could not be taxed under Section 50C. The appeal by the revenue was dismissed, and the CO filed by the assessee was deemed infructuous. The judgment highlighted the significance of meeting conditions in property agreements and the differentiation between possession and ownership for tax assessments. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353961