https://www.taxtmi.com/caselaws?id=789396 Capital gains should be assessed only in the hands of the person to whom transfer consideration actually accrues or is received. Where an assessee signs a sale deed only as a consenting party and the evidence shows that the entire sale consideration was paid to other co-owners, no taxable gain arises in her hands on the basis of real income. A deeming valuation rule such as section 50C cannot be used to create an income tax burden on a person who has not received any consideration from the transfer. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 07 Apr 2026 14:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789396 Capital gains should be assessed only in the hands of the person to whom transfer consideration actually accrues or is received. Where an assessee signs a sale deed only as a consenting party and the evidence shows that the entire sale consideration was paid to other co-owners, no taxable gain arises in her hands on the basis of real income. A deeming valuation rule such as section 50C cannot be used to create an income tax burden on a person who has not received any consideration from the transfer. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789396