https://www.taxtmi.com/caselaws?id=470878 Capital gains arise when a bank sells an assessee's mortgaged immovable property under the SARFAESI Act, even if the sale proceeds are applied to discharge secured loan dues. Where the assessee owns the property, capital gains are computed on the full sale consideration realised on sale, rather than only any amount retained or received by the assessee. Appropriation of proceeds towards credit facilities secured by the mortgage does not negate the transfer or reduce the consideration for capital-gains computation, subject to admissible deductions. en-us Tue, 05 Aug 2025 00:00:00 +0530 Tue, 11 Aug 2026 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470878 Capital gains arise when a bank sells an assessee's mortgaged immovable property under the SARFAESI Act, even if the sale proceeds are applied to discharge secured loan dues. Where the assessee owns the property, capital gains are computed on the full sale consideration realised on sale, rather than only any amount retained or received by the assessee. Appropriation of proceeds towards credit facilities secured by the mortgage does not negate the transfer or reduce the consideration for capital-gains computation, subject to admissible deductions. Case-Laws Income Tax Tue, 05 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470878