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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Assessing Officer was not justified in making reference to the ...

Case Laws     Income Tax

December 18, 2011

Assessing Officer was not justified in making reference to the valuation cell under section 142A of the Act as the reference is to be made for the purpose of determination of fair market value of the investment covered under section 69, 69A and 69B of the Act and not for the purpose of computation of capital gains u/s 48 of the Act. .... - AT

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