The Commissioner of Income TAx-IV, vs. M/s. Mahaveer Enterprises (India) Limited
The Appeal is dismissed
ITTA/94/2008HC Telangana23 Mar 2016
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
Section 21
capital gains on transfers, to invest unaccounted
money (`black money') and to avoid payment of
`unearned increases' due to Development Authorities
on transfer.
2. The modus operandi in such SA/GPA/WILL
transactions is for the vendor or person claiming to
be the owner to receive the agreed consideration,
deliver possession of the property to the purchaser
and execute the following documents
