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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Disallowance as deduction while computing LTCG - The payment ...


Payment for Relocating Hutment Dwellers Not Deductible in Long Term Capital Gains Calculation.

March 3, 2014

Case Laws     Income Tax     AT

Disallowance as deduction while computing LTCG - The payment made for removal of encumbrances in respect of the property being relocation of the hutment dwellers falls under the category of expenditure incurred in connection with transfer of the property - AT

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