https://www.taxtmi.com/caselaws?id=472646 Sale consideration from jointly owned property, already disclosed and assessed as capital-gains consideration in one co-owner's hands through stamp-duty valuation, cannot again be assessed in full as unexplained income of the other co-owner. Taxing the same consideration in both hands would create a duplicate addition. The treatment prevents double assessment where the Revenue has accepted that the consideration has already been subjected to tax in the co-owner's reassessment. en-us Tue, 22 Apr 2025 00:00:00 +0530 Mon, 19 Oct 2026 19:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472646 Sale consideration from jointly owned property, already disclosed and assessed as capital-gains consideration in one co-owner's hands through stamp-duty valuation, cannot again be assessed in full as unexplained income of the other co-owner. Taxing the same consideration in both hands would create a duplicate addition. The treatment prevents double assessment where the Revenue has accepted that the consideration has already been subjected to tax in the co-owner's reassessment. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472646