https://www.taxtmi.com/caselaws?id=60119 The Tribunal upheld the order of the CIT(A) and dismissed departmental appeals. Capital gains were computed based on the sale consideration of Rs. 67,10,000, with the excess amount of Rs. 72,90,000 deemed diverted by an overriding title. The agreement for sale dated 31-8-1988 created a legal right for Premium Estate to purchase the property at the specified amount, and the assessees were obligated not to receive any additional consideration. en-us Thu, 18 Oct 2001 00:00:00 +0530 Mon, 03 Jan 2011 17:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60119 The Tribunal upheld the order of the CIT(A) and dismissed departmental appeals. Capital gains were computed based on the sale consideration of Rs. 67,10,000, with the excess amount of Rs. 72,90,000 deemed diverted by an overriding title. The agreement for sale dated 31-8-1988 created a legal right for Premium Estate to purchase the property at the specified amount, and the assessees were obligated not to receive any additional consideration. Case-Laws Income Tax Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60119