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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Long Term Capital Gain - assessee executed a release deed of ...


Capital Gains Cannot Be Computed Due to Lack of Cost of Acquisition in Property Release Deed by Assessee.

January 21, 2015

Case Laws     Income Tax     AT

Long Term Capital Gain - assessee executed a release deed of property - when undisputedly, there is no cost of acquisition to assessee, the computation provision fails, accordingly, capital gain cannot be computed - AT

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