https://www.taxtmi.com/caselaws?id=373482 The Tribunal upheld the transaction of property purchase as a donation due to lack of actual payment, rejecting the circle rate valuation and tax treatment of funds equivalent to property value. The decision was in favor of the assessee, ruling that the property transaction was effectively a donation and not subject to tax. The Tribunal's order was issued on 10th January 2019. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sun, 13 Jan 2019 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373482 The Tribunal upheld the transaction of property purchase as a donation due to lack of actual payment, rejecting the circle rate valuation and tax treatment of funds equivalent to property value. The decision was in favor of the assessee, ruling that the property transaction was effectively a donation and not subject to tax. The Tribunal's order was issued on 10th January 2019. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373482