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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Conversion of capital asset to stock in trade - The land in ...

Case Laws     Income Tax

February 6, 2015

Conversion of capital asset to stock in trade - The land in question was not actually transferred and hence no value was adopted by the Stamp Duty Authorities as the matter never went to Stamp Duty Authorities. Thus provisions of section 50C were not applicable - AT

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