https://www.taxtmi.com/caselaws?id=440923 The ITAT dismissed the appeal, affirming the lower authorities' decisions. Capital gains were taxed in AY 2004-05 based on the registered sale deed dated 29.08.2003. The oral agreement was not recognized as a valid transfer under Section 2(47) of the Income Tax Act. The confirmation letter from Janapriya Projects was deemed insufficient to prove the transfer in 1994. The ITAT upheld the principle that written documents take precedence over oral evidence in property transfer cases. en-us Mon, 06 Mar 2023 00:00:00 +0530 Sat, 29 Jul 2023 08:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440923 The ITAT dismissed the appeal, affirming the lower authorities' decisions. Capital gains were taxed in AY 2004-05 based on the registered sale deed dated 29.08.2003. The oral agreement was not recognized as a valid transfer under Section 2(47) of the Income Tax Act. The confirmation letter from Janapriya Projects was deemed insufficient to prove the transfer in 1994. The ITAT upheld the principle that written documents take precedence over oral evidence in property transfer cases. Case-Laws Income Tax Mon, 06 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440923