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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Capital asset or not – there was no other transaction entered ...

Case Laws     Income Tax

November 26, 2013

Capital asset or not – there was no other transaction entered into by the assessee and the land was retained almost for the 5 years - sale of the land cannot be treated as an adventure in the nature of the trade - AT

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