https://www.taxtmi.com/caselaws?id=419343 The ITAT Pune allowed the appeal, ruling in favor of the assessee to prevent double taxation of the Rs. 10 lakhs received for acting as a consenting party in a land sale transaction. The ITAT held that since the mother was taxed as the sole owner of the property and the full consideration was already taxed in her hands, the amount offered by the assessee as long-term capital gain was not chargeable to tax. By emphasizing the prohibition on levying tax without legal authority, the ITAT deleted the entire Rs. 10 lakhs from the assessee's total income to avoid unfair tax burden. en-us Mon, 07 Mar 2022 00:00:00 +0530 Wed, 09 Mar 2022 08:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419343 The ITAT Pune allowed the appeal, ruling in favor of the assessee to prevent double taxation of the Rs. 10 lakhs received for acting as a consenting party in a land sale transaction. The ITAT held that since the mother was taxed as the sole owner of the property and the full consideration was already taxed in her hands, the amount offered by the assessee as long-term capital gain was not chargeable to tax. By emphasizing the prohibition on levying tax without legal authority, the ITAT deleted the entire Rs. 10 lakhs from the assessee's total income to avoid unfair tax burden. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419343