https://www.taxtmi.com/caselaws?id=23000 The court determined that the deed dated January 26, 1973, was a sale, not an agreement to sell, transferring the capital asset on that day. The court declined to decide on the capital gains assessment due to ongoing evaluations of the consideration amount and relief eligibility under section 48 of the Act. The Income-tax Officer was directed to investigate further based on the Tribunal's decision and the court's findings. en-us Wed, 27 Jun 1990 00:00:00 +0530 Tue, 15 Dec 2009 18:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23000 The court determined that the deed dated January 26, 1973, was a sale, not an agreement to sell, transferring the capital asset on that day. The court declined to decide on the capital gains assessment due to ongoing evaluations of the consideration amount and relief eligibility under section 48 of the Act. The Income-tax Officer was directed to investigate further based on the Tribunal's decision and the court's findings. Case-Laws Income Tax Wed, 27 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23000