https://www.taxtmi.com/highlights?id=56070 Computation of capital gain - Cost of acquisition - They brought the property to sale through Bank - The contention of the assessee was that the amount was paid directly to the loan account of the company with the bank. The assessee had not received any consideration and therefore there was no capital gain arising out of the above sale. However, the Assessing Officer rejected the contention of the assessee - Order of ITAT confirming the action of AO upheld - HC en-us Mon, 28 Dec 2020 09:46:20 +0530 Sun, 27 Dec 2020 10:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56070 Computation of capital gain - Cost of acquisition - They brought the property to sale through Bank - The contention of the assessee was that the amount was paid directly to the loan account of the company with the bank. The assessee had not received any consideration and therefore there was no capital gain arising out of the above sale. However, the Assessing Officer rejected the contention of the assessee - Order of ITAT confirming the action of AO upheld - HC Highlights Income Tax Mon, 28 Dec 2020 09:46:20 +0530 https://www.taxtmi.com/highlights?id=56070