Non-Registration of Gift Deed can’t be considered to be Sham Transaction as Assessee was in Full Possession of Property Sold by a Registered Sale Deed: ITAT [Read Order]

ITAT - Gift Deed - Sham Transaction - Sale Deed - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that non-registration of gift deeds cannot be considered to be a sham transaction as the assessee was in full possession of the property sold by a registered sale deed. The AO found that the husband of the assessee had purchased the said property from…

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