Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2016 (10) TMI 973

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ourt, where parties entered into settlement for transfer of plot. Fact remains that no legal document having effect of transfer of immovable property was placed before Appellate Authority. Under the provisions of transfer of Transfer of Property Act, 1882 unless a registered sale deed is executed, title of immovable property can not pass. Agreement to sale is not a transaction of immovable propert .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ned counsel for appellant and perused the record. 2. Present appeal under Section 260-A of the Income Tax Act, 1961(hereinafter referred as 'Act') has been filed against judgment of Income Tax Tribunal , Agra Bench, Agra(hereinafter referred as 'Tribunal ) in ITA No. 100/Agra/2001 dated 25.8.2006 for Assessment Year 1995-96. 3. This appeal was admitted on following substantial qu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ther on the facts and in the circumstances of the case the Appellate Tribunal was legally justified in upholding the taxability of the capital gains in respect of said asset in A.Y. 1995-96 de hors the proviso to sub-section (4) of section 54F of the Act that permits assessment of capital gains in such circumstances in the assessment year relevant to the year in which period of three years expires .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . Hence this appeal before this Court. 6. There was an agreement for purchase of land which was not carried out and matter was taken to Court, where parties entered into settlement for transfer of plot. Fact remains that no legal document having effect of transfer of immovable property was placed before Appellate Authority. Under the provisions of transfer of Transfer of Property Act, 1882 unle .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates