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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Sale of assets - for each asset which is sold the Assessing ...

Case Laws     Income Tax

February 6, 2015

Sale of assets - for each asset which is sold the Assessing Officer must have with him the actual cost, WDV and the sale consideration. In absence of the same, Section 41(2) of the Act cannot be applied. - HC

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