https://www.taxtmi.com/caselaws?id=773661 Capital gains from the same property transfer could not be assessed twice. The transaction had already been accepted as a transfer and taxed in assessment year 2004-05 under the statutory definition of transfer, with the assessee's share of consideration also assessed in that year. The Revenue could not reopen the identical transfer in assessment year 2007-08 merely because the sale deed was registered later and stamp duty valuation under Section 50C was invoked. A second assessment on the same transfer was impermissible, and the issue was decided in favour of the assessee. en-us Tue, 17 Jun 2025 00:00:00 +0530 Thu, 26 Jun 2025 08:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773661 Capital gains from the same property transfer could not be assessed twice. The transaction had already been accepted as a transfer and taxed in assessment year 2004-05 under the statutory definition of transfer, with the assessee's share of consideration also assessed in that year. The Revenue could not reopen the identical transfer in assessment year 2007-08 merely because the sale deed was registered later and stamp duty valuation under Section 50C was invoked. A second assessment on the same transfer was impermissible, and the issue was decided in favour of the assessee. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773661