https://www.taxtmi.com/caselaws?id=782748 ITAT Delhi-AT held that no income or deemed income arose in the hands of the assessee from the impugned transaction involving alleged transfer of immovable property/shares. On facts, there was only a reduction in the assessee's percentage shareholding, with no transfer of any part of its interest or title in the underlying Prithviraj Road property to a third party. Relying on the binding HC precedent in a connected transaction, the Tribunal concluded that any income or deemed income, if at all, would arise in the hands of the actual transferor, not the assessee, and deleted the addition. en-us Fri, 14 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782748 ITAT Delhi-AT held that no income or deemed income arose in the hands of the assessee from the impugned transaction involving alleged transfer of immovable property/shares. On facts, there was only a reduction in the assessee's percentage shareholding, with no transfer of any part of its interest or title in the underlying Prithviraj Road property to a third party. Relying on the binding HC precedent in a connected transaction, the Tribunal concluded that any income or deemed income, if at all, would arise in the hands of the actual transferor, not the assessee, and deleted the addition. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782748