Tax Consultation (US and India)
2970 Points
Joined September 2011
That is what the AO would be tempted to do. However, facts have to be seen in respect of each case.
Was the property under any scheme like the scheme of DDA etc.?
From whom the property was acquired?
Date of entering into the agreement?
Date of the possession?
Date of Registration?
I would need to read the agreement, so I copy thereof.
The amount and date of advance, if any?
Your jurisdiction( High Court Jurisdiction)