Shri Karamshibhai Karshanbhai ... vs The Ito Ward-1, Bhuj-Kutch, Bhuj-Kutch on 19 September, 2023
In the case of Shri Jay Atulbhai Mody v, ITO in ITA number
240/Rjt/2017, the ITAT held that property transferred to Mother through
ITA No.36/Rjt/2023
Karamshi Karsan Bhavani vs. ITO
Asst.Year -2013-14
-8-
Sale Deed is a sale and not Gift, taxable as capital gain. The ITAT made the
following observations, while passing the order: