Vendor Not Liable for Capital Gains Tax Due to Non-Signatory Status in Property Sale Deed.

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Full Text of the Document

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....Capital gain arising out of transfer of property - Agreement of Sale cum GPA and handing over of the possession - Except being described as the Vendor, the assessee is neither a signatory to the subsequent Sale Deed nor is he the recipient of any of the sale consideration - It is held that the assessee is not liable for tax on any capital gain arising out of transfer of property....