https://www.taxtmi.com/caselaws?id=755502 ITAT Bangalore held that when the department accepted contentions in the assessment order of the assessee's son (joint purchaser) regarding a property transaction under section 147, the same treatment must be extended to the assessee as the other joint purchaser. The Revenue cannot adopt different views for different parties in the same transaction. The matter was remitted to the AO to decide based on the assessment order dated 23/03/2022 passed for the son. The appeal was allowed for statistical purposes, ensuring consistent treatment of joint purchasers in identical transactions. en-us Thu, 11 Jul 2024 00:00:00 +0530 Sat, 13 Jul 2024 08:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755502 ITAT Bangalore held that when the department accepted contentions in the assessment order of the assessee's son (joint purchaser) regarding a property transaction under section 147, the same treatment must be extended to the assessee as the other joint purchaser. The Revenue cannot adopt different views for different parties in the same transaction. The matter was remitted to the AO to decide based on the assessment order dated 23/03/2022 passed for the son. The appeal was allowed for statistical purposes, ensuring consistent treatment of joint purchasers in identical transactions. Case-Laws Income Tax Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755502