https://www.taxtmi.com/caselaws?id=781153 ITAT BANGALORE held that the AO's addition of Rs. 27 lakhs in the assessee's hands must be deleted. The tribunal found the husband had disclosed the full sale consideration in his return, so taxing the same income twice is impermissible. Review of records showed the flat was purchased in 2007 and sold in 2019, yielding an indexed loss rather than short-term gains; thus the AO's characterization as short-term capital gains was legally incorrect. The AO was directed to delete the addition. en-us Fri, 22 Aug 2025 00:00:00 +0530 Tue, 11 Nov 2025 11:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781153 ITAT BANGALORE held that the AO's addition of Rs. 27 lakhs in the assessee's hands must be deleted. The tribunal found the husband had disclosed the full sale consideration in his return, so taxing the same income twice is impermissible. Review of records showed the flat was purchased in 2007 and sold in 2019, yielding an indexed loss rather than short-term gains; thus the AO's characterization as short-term capital gains was legally incorrect. The AO was directed to delete the addition. Case-Laws Income Tax Fri, 22 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781153