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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Capital gain - Cost of acquisition - The additional FSI became ...


No Capital Gain Tax on Additional FSI Acquired Without Cost Under Development Control Regulations.

September 17, 2013

Case Laws     Income Tax     AT

Capital gain - Cost of acquisition - The additional FSI became available to the assessee due to operation of development control regulation which did not involve any cost. - no capital gain could be charged on the ground that no cost of acquisition was involved in the additional FSI - AT

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