Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2007-2008
53A for transfer of Property Act. The possession of land was taken by the builder in part performance of the contract for transfer of the property. The Assessing Officer relied upon the decisions in the cases of Rubab M. S. Kazerani v. JCIT (ITAT, Mum-TM), 91 ITD 429, and Lalitha Ramaswamy v. ITO(ITAT