https://www.taxtmi.com/caselaws?id=462714 ITAT Ahmedabad held that receipt of Rs. 5,40,000 by assessee as confirming party in property sale constituted capital gain, not income from other sources. Despite nomenclature describing assessee as confirming party, she was joint owner who received consideration for selling agricultural land and her share therein. AO and CIT(A) erred in treating receipt as income from other sources and making addition. Assessee's appeal partly allowed with income correctly classified as capital gain. en-us Wed, 18 Oct 2023 00:00:00 +0530 Thu, 10 Jul 2025 20:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462714 ITAT Ahmedabad held that receipt of Rs. 5,40,000 by assessee as confirming party in property sale constituted capital gain, not income from other sources. Despite nomenclature describing assessee as confirming party, she was joint owner who received consideration for selling agricultural land and her share therein. AO and CIT(A) erred in treating receipt as income from other sources and making addition. Assessee's appeal partly allowed with income correctly classified as capital gain. Case-Laws Income Tax Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462714