Sale Deed does not Mention Shares held by Co-Owners: ITAT upholds Equal Income Tax Liability on Rental Income [Read Order]

Sale Deed - Shares held by Co-Owners - ITAT - Equal Income Tax Liability - Rental Income - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that if the sale deed does not mention the share held by co- owners, there would be equal income tax liability on rental income. The aforesaid observation was made by the Delhi ITAT, when an appeal was preferred…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

Related Stories