https://www.taxtmi.com/caselaws?id=470413 Alleged undisclosed capital-gains income from a transfer cannot survive if factual verification establishes that the underlying transfer deed was annulled. Revenue action relating to the relevant transfers had been quashed by the jurisdictional High Court, but the Assessing Officer must verify whether the taxpayer's specific capital asset and transfer fall within that determination. If covered and annulled, the addition is to be treated as non est; otherwise, the issue requires fresh adjudication following verification. 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 from a transfer cannot survive if factual verification establishes that the underlying transfer deed was annulled. Revenue action relating to the relevant transfers had been quashed by the jurisdictional High Court, but the Assessing Officer must verify whether the taxpayer's specific capital asset and transfer fall within that determination. If covered and annulled, the addition is to be treated as non est; otherwise, the issue requires fresh adjudication following verification. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470413