Anil Deshmukh has been in jail since November last year after he was arrested by the Enforcement Directorate (ED) in a money laundering case. In April this year, he was arrested by the CBI in a corruption case.
The The Bombay High Court has clarified that in case where the amounts deposited in the escrow account are subsequently withdrawn by the buyer, the same should not be included in the FVC while computing capital gains.Taxability of deposits in escrow has often been litigated