https://www.taxtmi.com/caselaws?id=467885 Long-term capital gain addition was unsustainable where the sale deed and surrounding records showed that another person was the actual seller and recipient of the sale consideration, while the assessee was only a confirming party. The stamp valuation material and the return of income of the person who disclosed the transaction supported that attribution. In the absence of evidence that the assessee received or used the sale proceeds, the transaction could not be fastened on the assessee merely because her name appeared in the deed. Any tax adjustment, if otherwise warranted, would lie in the hands of the transferor. The appellate relief deleting the addition was therefore confirmed. en-us Thu, 04 Jan 2018 00:00:00 +0530 Wed, 08 Apr 2026 16:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467885 Long-term capital gain addition was unsustainable where the sale deed and surrounding records showed that another person was the actual seller and recipient of the sale consideration, while the assessee was only a confirming party. The stamp valuation material and the return of income of the person who disclosed the transaction supported that attribution. In the absence of evidence that the assessee received or used the sale proceeds, the transaction could not be fastened on the assessee merely because her name appeared in the deed. Any tax adjustment, if otherwise warranted, would lie in the hands of the transferor. The appellate relief deleting the addition was therefore confirmed. Case-Laws Income Tax Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467885