https://www.taxtmi.com/caselaws?id=470413 Alleged undisclosed capital-gains income arising from a transfer deed may not be assessable where factual verification establishes that the impugned transfer was annulled. The notes state that the jurisdictional High Court had quashed revenue action concerning relevant transfers, but require the Assessing Officer to verify whether the assessee's specific capital asset and transfer fall within that decision. If the transfer is found annulled, the addition is to be treated as non est; otherwise, the matter requires fresh adjudication on the verified facts. en-us Fri, 08 Apr 2022 00:00:00 +0530 Mon, 27 Jul 2026 11:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470413 Alleged undisclosed capital-gains income arising from a transfer deed may not be assessable where factual verification establishes that the impugned transfer was annulled. The notes state that the jurisdictional High Court had quashed revenue action concerning relevant transfers, but require the Assessing Officer to verify whether the assessee's specific capital asset and transfer fall within that decision. If the transfer is found annulled, the addition is to be treated as non est; otherwise, the matter requires fresh adjudication on the verified facts. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470413