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Income Tax - Highlights / Catch Notes

Home Highlights July 2022 Year 2022 This

Capital gain - sale of property by the legal heir with the ...

Income Tax

July 22, 2022

Capital gain - sale of property by the legal heir with the co-owners - the assessee (as legal heir of the said property) is liable to capital gains tax during the year under consideration. Accordingly, we are of the considered view that Ld. CIT(Appeals) has not erred in law and in facts in holding that the assessee is liable to pay capital gains tax on her 1/4th share in the property during the year under consideration - AT

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