https://www.taxtmi.com/caselaws?id=408606 Capital gains on an alleged transfer under section 2(47) could not be finally brought to tax in full where only part of the agreed consideration was shown as received and the balance remained unpaid. On the record, receipt of only Rs. 50 lakhs was evidenced against the stated sale price, and the effect of the pending civil dispute also required verification. The addition was therefore not sustained in full and the matter was restored for fresh adjudication, with the actual receipt of Rs. 50 lakhs left undisturbed and the capital gains computation reopened for reconsideration. en-us Fri, 11 Jun 2021 00:00:00 +0530 Wed, 16 Jun 2021 10:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408606 Capital gains on an alleged transfer under section 2(47) could not be finally brought to tax in full where only part of the agreed consideration was shown as received and the balance remained unpaid. On the record, receipt of only Rs. 50 lakhs was evidenced against the stated sale price, and the effect of the pending civil dispute also required verification. The addition was therefore not sustained in full and the matter was restored for fresh adjudication, with the actual receipt of Rs. 50 lakhs left undisturbed and the capital gains computation reopened for reconsideration. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408606