In the result, appeal of the assessee is dismissed
Bench: S/Shri Chandra Mohan Garg & Laxmi Prasad Sahuassessment Year: 2014-15
3 | 7 Ass essment Year : 2014 -15 Sale consideration of flat 1C as per section 50C of the Act : Rs.24,40,000 Less: cost of the flat as per agreement : Rs. 7,31,250 Short term capital gains on sale of flat: Rs.17,08,750/- Hence, the assessee’s share is worked out = Rs.17,08,750/8.5/4.5=Rs.9