https://www.taxtmi.com/caselaws?id=13160 The court upheld the Revenue's position, ruling that the sale deed constituted a transfer of property ownership, resulting in capital gains liability. The court found that the property had been partitioned earlier, and subsequent transactions confirmed a transfer had occurred. The assessee's arguments were dismissed, and the court affirmed the Revenue's orders and Tribunal's decision. The case was resolved in favor of the Revenue, with no costs awarded. en-us Tue, 26 Jun 2001 00:00:00 +0530 Tue, 26 May 2009 17:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13160 The court upheld the Revenue's position, ruling that the sale deed constituted a transfer of property ownership, resulting in capital gains liability. The court found that the property had been partitioned earlier, and subsequent transactions confirmed a transfer had occurred. The assessee's arguments were dismissed, and the court affirmed the Revenue's orders and Tribunal's decision. The case was resolved in favor of the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 26 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13160