AdvertisementSrirama Pankajam Vs Union of India (Andhra Pradesh High Court) The Andhra Pradesh High Court considered a writ petition filed by a taxpayer who had inherited a 1/3rd share in an undivided property along with a building in Visakhapatnam after the death of her husband. The petitioner, along with her son and daughter, entered into a Development Agreement-cum-General Power of Attorney dated 24.02.2011 with a developer for construction of flats. Treating the transaction as giving rise to capital gains in the financial year 2012-2013 corresponding to Assessment Year (AY) 2013-2014, the petitioner of...