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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Whether the long term capital gain on sale of property purchased ...


Capital Gains from Partner-Purchased Property Not Taxable to Firm; Ownership Not Based Solely on Accounting Entries.

December 6, 2013

Case Laws     Income Tax     AT

Whether the long term capital gain on sale of property purchased in the name of partner taxable in the hands of assessee – The ownership of the property cannot be assigned to the assessee-firm only on the basis of the accounting entries - AT

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