Tribunal held that payment of commission to agent for purchase of property allowable as deduction. Cost of construction paid to developer is to be treated as full consideration. Assessee has received his share and allotted constructed area in the assessment year 2012-13 it was rightly taxed in the assessment year, 2012-13. (AY. 2012-13)
N.A. Haris. v. ACIT (2021) 188 ITD 517 / 210 TTJ 273/ 206 DTR 180 (Bang.) (Trib.)
S. 55 : Capital gains-Cost of improvement-Cost of acquisition-Payment of commission to agent for purchase of property is allowable as deduction-Cost of construction to developer is to be treated as full value of consideration-Received his share and allotted constructed area-Taxable in the assessment year 2012-13. [S. 2(47), 45, 48]