National Faceless Appeal Centre

Property Allotment Date is the Acquisition Date for Capital Gain Computation: ITAT Mumbai

Case Overview Case Title: D.K. Brothers vs. Income Tax Officer (ITO)Court: Income Tax Appellate Tribunal (ITAT), MumbaiAppeal Number: ITA No. 2183/M/2023Date of Judgement: November 10, 2023Assessment Year: 2011-12 Introduction In a pivotal ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has overturned the order issued by the National Faceless Appeal Centre (NFAC) in the case...

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