Capital Gains Tax: Real Income Theory Can't Justify Unauthorized Deductions Under Income-tax Act.

Capital Gains - diversion of income by overriding title - the theory of real income cannot be applied to allow deduction to the assessee which is otherwise not permissible under the Income-tax Act. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X