TMI BlogAdvance Payment Under Sale Agreement Isn't a Transfer of Asset Rights per Income Tax Act Section 2(47.Capital Gains - Transfer u/s 2(47) - whether receipt of advance against agreement of sale (duty registered) would constitute transfer or relinquishment of the asset and extinguishment of any right - held No - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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