https://www.taxtmi.com/caselaws?id=462325 HC ruled on capital gains taxation in property sale. Court held that full sale consideration (Rs. 4,00,00,000/-) must be used for computing capital gains, not just the amount physically received. The agency agreement between seller and agent does not alter tax liability. The HC quashed the revision order and directed reassessment, mandating comprehensive examination of deduction claims under Section 48 of Income Tax Act within three months. en-us Wed, 14 Feb 2024 00:00:00 +0530 Tue, 10 Jun 2025 18:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462325 HC ruled on capital gains taxation in property sale. Court held that full sale consideration (Rs. 4,00,00,000/-) must be used for computing capital gains, not just the amount physically received. The agency agreement between seller and agent does not alter tax liability. The HC quashed the revision order and directed reassessment, mandating comprehensive examination of deduction claims under Section 48 of Income Tax Act within three months. Case-Laws Income Tax Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462325