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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

A capital investment and resale do not lose their capital nature ...


Capital Investment Status Unchanged Despite Anticipated Resale; Motivation for Increased Value Doesn't Affect Classification.

January 11, 2014

Case Laws     Income Tax     HC

A capital investment and resale do not lose their capital nature merely because the resale was foreseen and contemplated when the investment was made and the possibility of enhanced values motivated the investment - HC

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