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??
Did you register cancellation deed?
Any time bar clause in the original agreement for payment term?
If yes, reply accordingly.
Basis of agreement cancellation? Any clause in support of the act, in agreement?
Whether possession retained with seller/owner?
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