an assessee sold there property but due to cheques dishonour sale deed has been cancelled & assessing officer raise demand for paying capital gain.
so it's taxable or not
any case law pls??
Menu
capital gain tax
Replies (8)
Did you register cancellation deed?
Any time bar clause in the original agreement for payment term?
If yes, reply accordingly.
No, assessee is not registered any cancellation deed
Basis of agreement cancellation? Any clause in support of the act, in agreement?
Whether possession retained with seller/owner?
owner retained the possession, not any clause mentioned in the agreement
Where will be submitting the docs
Pls provide any case law, if u have
Recent Threads
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
Related Threads
CAclubindia
