| COURT: | ITAT Ahmedabad |
| CORAM: | Kul Bharat (JM), N. S. Saini (AM) |
| SECTION(S): | 2(47), 45 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | registration, transfer |
| COUNSEL: | S. N. Soparkar |
| DATE: | October 30, 2014 (Date of pronouncement) |
| DATE: | October 31, 2014 (Date of publication) |
| AY: | 2009-10 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 2(47): Transfer takes place in year of execution of sale deed, handing over of possession & receipt of sale consideration & is not deferred to year of registration. Verdict in Suraj Lamp and Industries 340 ITR 1 (SC) explained | |
The Tribunal had to consider whether capital gains are assessable in AY 2008-09, being the year when the sale deed was executed and possession handed over and most of the sale consideration was received or in AY 2009-10 when the …
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