27 results for “transfer pricing”+ Section 131clear
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In the result, appeals of the assessees are dismissed
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.123/Viz/2017 (ननधधारण वर्ा / Assessment Year : 2011-12) Katragadda Muralikrishna Vs. Income Tax Officer D.No.38-37-24, Bhaskar Gardens Ward-4(1) Marripalem Visakhapatnam Visakhapatnam [Pan : Akipk7339L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
section 54 of the Transfer of Property Act, which defines ‘sale’ as transfer of ownership in exchange of price paid or promised or part-paid and part-promised. Thus, held that even a promise would constitute sufficient consideration for transfer. The sale deed dated 12.11.2010 clearly evidence transfer of possession and ownership to the property in exchange for the consideration