https://www.taxtmi.com/caselaws?id=395019 The linkage between the earlier agreement, the later registered sale deeds, and the alleged prior transfer of the lands required factual verification, so the capital gains addition was not finally sustained on merits. The Bench noted that whether possession had been handed over, consideration received, and power of attorney executed earlier could affect the transfer analysis, but the assessee had to substantiate these claims to avoid double addition. The matter was remitted to the Assessing Officer for fresh adjudication after examining the sale deed particulars, survey numbers, supporting documents, and surrounding facts; the Revenue's grounds were accepted for statistical purposes. en-us Fri, 28 Feb 2020 00:00:00 +0530 Sat, 02 May 2020 11:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395019 The linkage between the earlier agreement, the later registered sale deeds, and the alleged prior transfer of the lands required factual verification, so the capital gains addition was not finally sustained on merits. The Bench noted that whether possession had been handed over, consideration received, and power of attorney executed earlier could affect the transfer analysis, but the assessee had to substantiate these claims to avoid double addition. The matter was remitted to the Assessing Officer for fresh adjudication after examining the sale deed particulars, survey numbers, supporting documents, and surrounding facts; the Revenue's grounds were accepted for statistical purposes. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395019