Merely because the assessee has wrongly declared the long term ...

Tax Authorities Cannot Tax Capital Gain on Sale of Flats as Assessee Is Not Owner Despite Declaration Error.

August 28, 2014

Case Laws     Income Tax     AT

Merely because the assessee has wrongly declared the long term capital gain on account of sale of these 4 flats the authorities are not justified in taxing the long term capital gain in the hands of the assessee when he is not the owner of the flats - AT

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