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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Applicability of section 50 on sale proceeds on sale bottles, ...


High Court: Section 50 of Income Tax Act Exempts Low-Cost Bottles, Crates, Cylinders Bought Before April 1, 2006.

January 3, 2015

Case Laws     Income Tax     HC

Applicability of section 50 on sale proceeds on sale bottles, crates and cylinders whose individual cost did not exceed ₹ 5,000 - purchase were made before 1.4.2006 - Not taxable - HC

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