Court Dismisses Writ Petitions Due to Unregistered Agreements in Long-Term Capital Gains Dispute Under Income Tax Act, 1961.

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....LTCG on sale of property - There are several disputed questions of fact which in my considered view are best left open to be decided by the authorities under the hierarchy of the Income Tax Act, 1961. Since none of the agreements which have been produced by the petitioner are registered documents, this Court cannot conclude that the value adopted by the petitioner reflected the correct value for the purpose of payment of stamp duty - there is no merit in these writ petitions. - HC....