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Taxpayer Merely Confirming Party to Property Sale Deed, Revenue Fails to Prove Ownership: ITAT Deletes Capital Gain Addition
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Taxpayer Merely Confirming Party to Property Sale Deed, Revenue Fails to Prove Ownership: ITAT Deletes Capital Gain Addition
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted a capital gain addition made in the hands of a taxpayer who was shown only as a confirming party to a registered sale deed. Mahadevbhai K. Bharwad filed the appeal against the order of the Commissioner of Income Tax(Appeals), National Faceless Appeal Centre, Delhi, for Assessment Year 2018-19. The taxpayer had not filed the original return. The Department received informatio…
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