2020 (1) TMI 873

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..... ration was completed on 20 April 2012 with documents supporting this contention - HELD THAT:- The order rejecting the objections of the Petitioner nowhere refers to any of these documents. The Assessing Officer has merely reiterated the reasons already supplied. The Petitioner has relied upon the decision in the case of Commissioner of Income-tax-2 v. Millennium Estates (P.) Ltd. [ 2018 (2) T .....

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..... the assessment year 2013-14, it was noticed that a deed of transfer was executed between the Assessee and the third party on 30 March 2012 for sale of flat. An amount was received pursuant to this agreement and the Short Term Capital Gain had to be offered in the assessment year 2012-13 and not in the year 2013-14. It is stated that since the income had escaped assessment in this manner reassessme .....

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..... has merely reiterated the reasons already supplied. The learned counsel for the Petitioner has relied upon the decision in the case of Commissioner of Income-tax-2 v. Millennium Estates (P.) Ltd. (2018) 93 taxmann.com 41 (Bombay) to contend that for the purpose of capital gains, handing over of possession is of importance. 5. In view of this position, the contention of the Petition .....

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