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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Accrual of capital gain - transfer - Nowhere there is mentioned ...


Allotment Letter Doesn't Transfer Plot Possession; No Capital Gain Recognized Without Transfer.

October 13, 2014

Case Laws     Income Tax     AT

Accrual of capital gain - transfer - Nowhere there is mentioned in the allotment letter that the possession of the plot is given to the prospective buyers - no capital gain accrued by mere issuing allotment letter - AT

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