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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Addition u/s 50C - No addition u/s.50C can be made in the hands ...


Section 50C: No Additional Tax for Buyer Without Evidence of Excess Sale Consideration Received.

June 20, 2013

Case Laws     Income Tax     AT

Addition u/s 50C - No addition u/s.50C can be made in the hands of purchaser. - No record to show that the appellant had received over and above the sale consideration shown. - AT

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