https://www.taxtmi.com/caselaws?id=12596 The High Court of Delhi ruled in favor of the assessee regarding the computation of capital gains on property sales. It held that section 52(2) of the Income-tax Act, 1961 did not apply as the sales were to unrelated parties without additional consideration. The decision was influenced by the precedent in K.P. Varghese v. ITO [1981] 131 ITR 597. en-us Mon, 16 Jul 2001 00:00:00 +0530 Wed, 20 May 2009 13:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12596 The High Court of Delhi ruled in favor of the assessee regarding the computation of capital gains on property sales. It held that section 52(2) of the Income-tax Act, 1961 did not apply as the sales were to unrelated parties without additional consideration. The decision was influenced by the precedent in K.P. Varghese v. ITO [1981] 131 ITR 597. Case-Laws Income Tax Mon, 16 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12596