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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Short Term Capital Gain - assessee was just a name lender of a ...


No Short-Term Capital Gain for Assessee Acting as Name Lender in Land Transaction, No Real Income Involved.

June 14, 2019

Case Laws     Income Tax     AT

Short Term Capital Gain - assessee was just a name lender of a company and not have to receive any consideration on the transfer of lands because he has not incurred any cost on the purchase of the land, registration, conversion and the development, the purchase consideration at the actual cost incurred by its group company - not the real income of assessee - no STCG

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