https://www.taxtmi.com/caselaws?id=426940 The Tribunal allowed the appeal, setting aside the addition of long term capital gain in the assessee's hands. The Tribunal ruled in favor of the assessee's argument that the transfer of rights to another party should not result in taxation for the assessee, especially when the consideration was received and taxed in the hands of the other party. The order of the CIT(A) confirming the addition of capital gain in the assessee's hands was overturned. en-us Mon, 01 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426940 The Tribunal allowed the appeal, setting aside the addition of long term capital gain in the assessee's hands. The Tribunal ruled in favor of the assessee's argument that the transfer of rights to another party should not result in taxation for the assessee, especially when the consideration was received and taxed in the hands of the other party. The order of the CIT(A) confirming the addition of capital gain in the assessee's hands was overturned. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426940