A.T.SHERIFF vs. COMMISSIONER OF INCOME TAX
The appeal is allowed
ITA/66/2017HC Kerala29 Mar 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS
For Respondent: COMMISSIONER OF INCOME TAX
Section 148Section 2(47)Section 2(47)(v)Section 260ASection 45Section 53A
capital gains were imposed on
the transaction. The Punjab and Haryana High Court held that the
possession delivered was as a licensee for development of the
property and not in the capacity of a transferee and that in the
absence of registration of the agreement, it cannot be treated as one
falling under section 53A
