Computation of capital gain - Disallowance of Brokerage Payment ...

Capital Gain Case Examines Validity of Brokerage Payment in Land Sale; Court Supports Agreed Transaction Terms.

November 27, 2023

Case Laws Income Tax AT

Computation of capital gain - Disallowance of Brokerage Payment paid in respect of sale of land - It was decided by the parties that complete payment would be paid within 3 years and thus thereafter the registered sale deed got executed on 22-06-2023 which is registered before the Registering Authority and thus the brokerage was paid by the assessee on completion of the job. - Thus no justification in the orders of the lower authorities to make disallowance as it is a mutual agreement between the purchaser and broker to get the deal done. - AT

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Computation of capital gain - Disallowance of Brokerage Payment ...

Capital Gain Case Examines Validity of Brokerage Payment in Land Sale; Court Supports Agreed Transaction Terms.

November 27, 2023

Case Laws Income Tax AT

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