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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Cost of acquisition - the ownership right sold by the assessee ...


Taxpayer's Claim of No Capital Gain Rejected Due to Nil Cost of Acquisition.

July 20, 2013

Case Laws     Income Tax     AT

Cost of acquisition - the ownership right sold by the assessee is having nil cost of acquisition. - this argument of the assessee that there will be no capital gain because there is no cost of acquisition, has no merit - AT

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