October 2018

2 Sections 2(47) and 54 Condition regarding purchase of new property within one year of transfer of old property Date of agreement to sale was considered as the date of transfer and not the date of conveyance deed.

Jagdish D. Shah, Jagdish T. Punjabi, Chartered Accountants

Gautam Jhunjhunwala vs. Income-tax Officer (Kolkata)

Members:  A. T. Varkey, (J. M.) and Dr A. L. Saini (A. M.)

ITA No.: 1356/Kol/2017

A. Y:  2012-13  Dated: 7th September, 2018

Counsel for Assessee / Revenue:  P. R. Kothari / Rabin Choudhury


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