Liability under the head short term/ long term capital gain - forfeiture of advanced amount against sale...

Liability under the head short term/ long term capital gain - forfeiture of advanced amount against sale of property - provision of section 51 of the Act are applicable and the amount proportionately forfeited by the assessee would be deducted from the cost of acquisition of the asset or fair market value as the case may be at the time of actual transfer of such asset in future. - AT .....

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