https://www.taxtmi.com/caselaws?id=277110 The Tribunal upheld the CIT(A)'s decision in assessing Long Term Capital Gain (LTCG) at Rs. 1,28,92,569 arising from the transfer of residuary right in land at Rs. 7 Crores. The appeal was dismissed as the Tribunal found no grounds for interference, emphasizing the legal ownership and consideration received by the appellant. The judgment highlighted that the full value of consideration as per the registered sale deed was Rs. 7 Crores, leading to the conclusion that the appellant legally received this amount, resulting in the dismissal of the appeal against the LTCG assessment. en-us Wed, 13 Apr 2016 00:00:00 +0530 Mon, 26 Nov 2018 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277110 The Tribunal upheld the CIT(A)'s decision in assessing Long Term Capital Gain (LTCG) at Rs. 1,28,92,569 arising from the transfer of residuary right in land at Rs. 7 Crores. The appeal was dismissed as the Tribunal found no grounds for interference, emphasizing the legal ownership and consideration received by the appellant. The judgment highlighted that the full value of consideration as per the registered sale deed was Rs. 7 Crores, leading to the conclusion that the appellant legally received this amount, resulting in the dismissal of the appeal against the LTCG assessment. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277110