https://www.taxtmi.com/caselaws?id=437660 The Appellate Tribunal ITAT DELHI allowed the appeal of the assessee, directing the AO to delete the addition made towards LTCG on the forfeited advance money. The Tribunal emphasized that in the absence of an actual transfer of the asset, the advance money forfeited should not be taxed as capital gains. en-us Mon, 17 Apr 2023 00:00:00 +0530 Thu, 11 May 2023 22:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437660 The Appellate Tribunal ITAT DELHI allowed the appeal of the assessee, directing the AO to delete the addition made towards LTCG on the forfeited advance money. The Tribunal emphasized that in the absence of an actual transfer of the asset, the advance money forfeited should not be taxed as capital gains. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437660