https://www.taxtmi.com/caselaws?id=392965 The Tribunal ruled that the property transfer took place in 2004 when full consideration was received, and possession was handed over. Consequently, the capital gains should be taxed based on the 2004 transaction date rather than the subsequent sale in 2012. The Tribunal directed the Assessing Officer to adjust the capital gains tax accordingly, setting aside the decision of the Commissioner of Income Tax (Appeals) and partially allowing the assessee's appeal. en-us Fri, 07 Feb 2020 00:00:00 +0530 Tue, 03 Mar 2020 11:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392965 The Tribunal ruled that the property transfer took place in 2004 when full consideration was received, and possession was handed over. Consequently, the capital gains should be taxed based on the 2004 transaction date rather than the subsequent sale in 2012. The Tribunal directed the Assessing Officer to adjust the capital gains tax accordingly, setting aside the decision of the Commissioner of Income Tax (Appeals) and partially allowing the assessee's appeal. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392965