https://www.taxtmi.com/caselaws?id=466602 Whether the transfers were of constructed residential flats or merely undivided interests in land determined entitlement to the capital gains exemption for residential property. The Tribunal found inconsistency between sale deeds describing undivided land interests and the assessee's return treating the transactions as flat sales and claiming the exemption; factual record was unclear. Because material factual uncertainty prevented a conclusive determination, the Tribunal remitted the matter to the Assessing Officer to verify the nature of the asset transferred and to recompute capital gains afresh. Appeal was partly allowed for statistical purposes to permit AO verification and de novo computation. en-us Tue, 26 Nov 2019 00:00:00 +0530 Fri, 13 Feb 2026 19:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466602 Whether the transfers were of constructed residential flats or merely undivided interests in land determined entitlement to the capital gains exemption for residential property. The Tribunal found inconsistency between sale deeds describing undivided land interests and the assessee's return treating the transactions as flat sales and claiming the exemption; factual record was unclear. Because material factual uncertainty prevented a conclusive determination, the Tribunal remitted the matter to the Assessing Officer to verify the nature of the asset transferred and to recompute capital gains afresh. Appeal was partly allowed for statistical purposes to permit AO verification and de novo computation. Case-Laws Income Tax Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466602