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regarding transfer of allotment of immovable property, Income Tax

Issue Id: - 118355
Dated: 3-2-2023
regarding transfer of allotment of immovable property

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respected sir, my client got allotted flat in his name in the year 2019 by paying Rs-100 to xyz. registered sale deed was not executed in favor of client by xyz. later in the year 2023 my client sold the same flat to abc for Rs-150, without executing sale deed. the said transaction has been done with the consent of xyz,by transferring the allotment of flat to abc. my question-can this transaction be related to capital gain or income from other sourced or banami transaction.

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