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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Acquisition of agricultural land - nature of compensation - it ...


Court Rules Against Splitting Land and Trees Transaction for Taxation; Must Be Treated as Single Entity.

October 14, 2015

Case Laws     Income Tax     HC

Acquisition of agricultural land - nature of compensation - it was one transaction of acquisition, under which the land, as well as the trees, etc., had been acquired, and splitting the same into two for the purpose of taxation would be against the law. - HC

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