Allowing the appeal of the assessee the Tribunal held that decree issued by High Court and cancellation deeds of executed in pursuance of order of High Court on record to establish that sale of property under consideration was cancelled. On facts, no capital gain was taxable for the year under consideration. (AY. 2009-10, 2012-13)
Anant Raj Ltd. v. DCIT (2021) 188 ITD 321 / 212 TTJ 836 (Delhi) (Trib.)
S. 45 : Capital gains-Failure to make full consideration-Sale deed was cancelled-Capital gains cannot be assessable. [S. 2(47)]