THE ACIT, CENTRAL-2, INDORE vs. M/S. CHUGH REALTY, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

transfer of such capital asset has to be charged only under the provisions of s.45 of the Act. We find merit in the argument of the AR that under provisions of clause (b) of section 153A, the Assessing Officer is required to assess or reassess the total income of an assessee. We also find that the expression ‘total income

SMT. HANJA BAI W/O LATE SHRI SUKHRAM DHAKAD,INDORE vs. THE ITO 1(3), INDORE

Bench: Shri D.T. Garasia & Shri O.P. Meenaa.Y. 2009-10

transfer is complete only when the sale deed is registered. That the sale of the property was executed on 20.3.2008 i.e. in assessment year 2008-09. The addition made by the Assessing Officer and confirmed by the ld. CIT(A) in assessment year 2009-10 is illegal and wrong. The same, therefore, requires to be deleted. Without prejudice