Held that merely an agreement to sell was entered into by assessee and possession of land was never given would not result in transfer of asset and no capital gains would arise in assessment year 2008-09. (AY. 2008-09 to 2011-12)
Godha Realtors (P.) Ltd. v. ACIT (2022) 194 ITD 31 (Bang.)(Trib.)
S. 45 : Capital gains-immovable property-Agreement to sell-transfer-Possession was not given-Not liable to capital gains tax. [S. 2(47)]