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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Addition on capital gains - the expenditure recorded by the ...


Developer's Unrelated Business Expenses Not Deductible as Construction Costs for Capital Gains Calculation.

March 18, 2016

Case Laws     Income Tax     AT

Addition on capital gains - the expenditure recorded by the developer being business expenditure having no direct nexus with construction cannot be adopted as cost of construction for the purpose of capital gains in the hands of the assessee. - AT

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