Friday, 21 August 2015

Oral partition of property under Joint Development Agreement doesn't justify apportionment of cap ga

IT : Where property given under development agreement was a self acquired property standing in name of assessee till it was transferred to developer and Assessing Officer without making any enquiry assessed capital gains in hands of assessee and his sons on basis of so called oral partition, Commissioner was justified in setting aside assessment under section 263

No comments:

Post a Comment