Sold property but received money in instalments? ITAT explains when you must pay income tax on capital gains
Mint · Kirti Jha ·
ITAT Surat deleted a ₹2.45 crore capital gains addition after a landowner showed that he received only ₹25 lakh in the relevant year, despite ₹2.86 crore appearing in Form 26AS. The tribunal considered subsequent tax returns and co-owners' cases.