https://www.taxtmi.com/caselaws?id=796587 Sale proceeds from inherited residential property are assessable as capital gains where title records, society membership, transfer documents, inheritance and possession establish ownership. A disputed ownership claim does not permit taxation of gross immovable-property consideration under Income from other sources without establishing its taxability under that residuary head. The deceased husband's status as merely a nominee could not rest on an unverified signature comparison and a non-conclusive declaration against the wider documentary record. The property qualified as a capital asset, allowing indexed cost and deduction for investment in a new residential property, subject to 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, society membership, transfer documents, inheritance and possession establish ownership. A disputed ownership claim does not permit taxation of gross immovable-property consideration under Income from other sources without establishing its taxability under that residuary head. The deceased husband's status as merely a nominee could not rest on an unverified signature comparison and a non-conclusive declaration against the wider documentary record. The property qualified as a capital asset, allowing indexed cost and deduction for investment in a new residential property, subject to arithmetical verification. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796587