https://www.taxtmi.com/caselaws?id=394649 The appeal was admitted despite a delay of 78 days due to medical reasons. The assessee was treated as a co-owner for 50% share of a property under section 69B of the Income Tax Act and taxed accordingly. Despite the claim of a 10% share, the tribunal upheld the 50% share assessment based on evidence. The tribunal determined that only a portion of the total amount paid for the property needed to be taxed, specifically 50% of the consideration paid during the relevant year. The case was remitted to the Assessing Officer for further verification and decision. en-us Fri, 07 Feb 2020 00:00:00 +0530 Mon, 20 Apr 2020 12:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394649 The appeal was admitted despite a delay of 78 days due to medical reasons. The assessee was treated as a co-owner for 50% share of a property under section 69B of the Income Tax Act and taxed accordingly. Despite the claim of a 10% share, the tribunal upheld the 50% share assessment based on evidence. The tribunal determined that only a portion of the total amount paid for the property needed to be taxed, specifically 50% of the consideration paid during the relevant year. The case was remitted to the Assessing Officer for further verification and decision. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394649