https://www.taxtmi.com/caselaws?id=425395 The ITAT upheld the CIT(A)'s decision that the assessee is liable to pay capital gains tax on her 1/4th share in the property for the Assessment Year 2012-13. The ITAT dismissed both appeals, affirming the CIT(A)'s order, emphasizing the significance of registered sale deeds and the application of Section 50C for LTCG calculations based on jantri value. Previous judgments were relied upon to determine that the sale transaction should be taxed in the year of the registered sale deed execution. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425395 The ITAT upheld the CIT(A)'s decision that the assessee is liable to pay capital gains tax on her 1/4th share in the property for the Assessment Year 2012-13. The ITAT dismissed both appeals, affirming the CIT(A)'s order, emphasizing the significance of registered sale deeds and the application of Section 50C for LTCG calculations based on jantri value. Previous judgments were relied upon to determine that the sale transaction should be taxed in the year of the registered sale deed execution. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425395