Held that the assessee and his wife are shown to be joint sellers/owners of the property in the sale deed; only 50 per cent of the sale consideration can be taken into account for computation of capital gains in the hands of the assessee.(AY. 2015-16)
Alauddin v. ITO (2025) 236 TTJ 497 (Agra)(Trib)
S. 45: Capital gains-Sale of joint property-Only 50 per cent of sale consideration can be taken-AO is directed to recompute the capital gain.[S. 48]
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