The assessee received 45% of total sale consideration for sale of immovable property and offered the same for capital gains. However, he took cost at 50%, which he accepted as done mistakenly. The other co-owner had offered balance 55% towards tax. The sale consideration in the hands of assessee can not be taken at 50%

ANIRUDHA V. PATEL AHMEDABAD TRIBUNAL Jul 17, 2015 (2015) 44 CCH 0359 AhdTrib