https://www.taxtmi.com/caselaws?id=379180 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The case emphasized the significance of the property transfer date in determining capital gains tax liability, with the Tribunal finding no error in the assessment. The CIT(A) highlighted that the appellant had transferred all rights in the property in 2004, negating any liability during the relevant year. Additionally, the application of the CBDT Circular on monetary limits for filing appeals impacted the outcome, leading to the dismissal of the Revenue's appeal due to falling below the specified tax limit. en-us Mon, 04 Mar 2019 00:00:00 +0530 Mon, 29 Apr 2019 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379180 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The case emphasized the significance of the property transfer date in determining capital gains tax liability, with the Tribunal finding no error in the assessment. The CIT(A) highlighted that the appellant had transferred all rights in the property in 2004, negating any liability during the relevant year. Additionally, the application of the CBDT Circular on monetary limits for filing appeals impacted the outcome, leading to the dismissal of the Revenue's appeal due to falling below the specified tax limit. Case-Laws Income Tax Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379180