Held that addition cannot be made merely on the basis of basis of receipts shown in form No 26AS. Matter remanded to verify whether there was transfer of land in Terms of Section 53 A of transfer of property Act. brought to tax. That status of the assessee in whose name capital gains to be taxed was kept open. (AY. 2014-15)
Jaya Prakash v. ITO (2021) 87 ITR 64 (SN) (Bang.)(Trib.)
S. 45 : Capital gains-Full value of consideration-Addition cannot be made on the basis of receipts shown in form No 26AS-Transfer-Matter remanded to verify whether there was transfer of land in Terms of Section 53 A of transfer of property. [S. 2(27)(v), Transfer of property Act, 1882, S. 53A]