https://www.taxtmi.com/caselaws?id=796587 Sale proceeds from inherited residential property are assessable as capital gains where title records, co-operative society membership, transfer documents, inheritance and possession support ownership, and no competing ownership claim is established. An unverified signature comparison and a non-conclusive declaration cannot, on the stated material, establish that the deceased husband was merely a nominee. Gross consideration from transfer of immovable property cannot be taxed as income from other sources solely because ownership is disputed. The article states that the property was a capital asset of the assessee or her deceased husband; the additions were deleted, with indexed cost and deduction for investment in a new residential property to be allowed after arithmetical verification. en-us Tue, 14 Jul 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796587 Sale proceeds from inherited residential property are assessable as capital gains where title records, co-operative society membership, transfer documents, inheritance and possession support ownership, and no competing ownership claim is established. An unverified signature comparison and a non-conclusive declaration cannot, on the stated material, establish that the deceased husband was merely a nominee. Gross consideration from transfer of immovable property cannot be taxed as income from other sources solely because ownership is disputed. The article states that the property was a capital asset of the assessee or her deceased husband; the additions were deleted, with indexed cost and deduction for investment in a new residential property to be allowed after arithmetical verification. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796587