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1994 (7) TMI 8 - HC - Income Tax

The High Court of Rajasthan ruled that capital gains tax is applicable on the sale of garden land within municipal limits, despite a previous Bombay High Court decision suggesting otherwise. The Income-tax Appellate Tribunal's decision was overturned in favor of the Revenue. (Case citation: 1994 (7) TMI 8 - RAJASTHAN High Court)

 

 

 

 

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