https://www.taxtmi.com/caselaws?id=12246 The case involved a dispute over the applicability of capital gains tax on the sale of a factory building without registration. The Tribunal initially ruled no tax was due without registration, but the Commissioner of Income-tax (Appeals) disagreed. The High Court held that registration of the sale deed was not necessary for taxing capital gains, emphasizing the Income-tax Act's objective to tax income. The court also addressed the burden of proof in cases of undisclosed considerations, granting the assessee an opportunity to provide additional information for a timely resolution. en-us Fri, 01 Feb 2002 00:00:00 +0530 Sat, 20 Feb 2010 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12246 The case involved a dispute over the applicability of capital gains tax on the sale of a factory building without registration. The Tribunal initially ruled no tax was due without registration, but the Commissioner of Income-tax (Appeals) disagreed. The High Court held that registration of the sale deed was not necessary for taxing capital gains, emphasizing the Income-tax Act's objective to tax income. The court also addressed the burden of proof in cases of undisclosed considerations, granting the assessee an opportunity to provide additional information for a timely resolution. Case-Laws Income Tax Fri, 01 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12246