Mere revaluation of asset would not increase income or receipt ...

Case Laws Income Tax

December 28, 2015

Mere revaluation of asset would not increase income or receipt of the assessee, until and unless the said gain of revaluation is realised. Therefore, the gain on revaluation of the asset/investments without actual realisation cannot be treated as income of the assessee - AT

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Mere revaluation of asset would not increase income or receipt ...

Case Laws Income Tax

December 28, 2015

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