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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

STCG - extinguishment would normally connote a situation where ...

Case Laws     Income Tax

December 12, 2014

STCG - extinguishment would normally connote a situation where an asset goes out of existence – thus, surplus arising on account of compensation received by the assessee cannot be assessed under the head “capital gain“ because no asset came into existence with the assessee. - AT

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