TMI BlogCapital gain - assessee has not received any sale consideration - Since the property was registered from...Capital gain - assessee has not received any sale consideration - Since the property was registered from the seller to the buyer and the landlord registered the sale transaction as completed, it gives rise to capital gains as defined u/s 2(47) of the Act and attracts short term capital gains u/s 45 of the Act. On this aspect, the assessee has not filed any evidence to establish that the buyer did not present the cheques in the bank due to some personal reasons - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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