Assignment Agreement not Registered, Can’t ignore Actual flow towards Property Acquisition while Computing Capital Gain: ITAT [Read Order]

Assignment - Agreement - not - Registered - Property - Acquisition - while - Computing - Capital - Gain - ITAT - TAXSCAN

The Bangalore bench of the Income Tax Appellate Tribunal(ITAT) has held that the Actual flow towards property acquisition while computing capital gain can’tignore merely the fact that the assignment agreement was not registered. Ravikumar Tirupati Parthasarathy, the assessee is a non-resident individual working in the Netherlands.  The assessee filed the return of income for the…

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