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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

For claiming exemption under S.54 it is not necessary that the ...


Section 54: New Asset Investment Need Not Be Solely from Original Asset Sale Proceeds.

June 10, 2013

Case Laws     Income Tax     AT

For claiming exemption under S.54 it is not necessary that the investment in new asset should be out of the sale consideration received from transfer of the original asset only - AT

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