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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Capital Gains - Cost of construction and indexation disallowed – ...

Case Laws     Income Tax

October 30, 2014

Capital Gains - Cost of construction and indexation disallowed – proof of construction of building on land - If the examination of balance sheets reveals that there was no building appearing in the fixed assets, then the obvious conclusion is that initially building was constructed by assessee and further these tenant companies had made further additions - AT

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