Sale proceeds realized over and above the cost of asset cannot ...

Sale Proceeds Surpassing Asset Costs Are Capital Receipts, Not Business Income, Per Commercial Principles.

April 18, 2016

Case Laws Income Tax AT

Sale proceeds realized over and above the cost of asset cannot be categorized as business income under commercial principles rather it represents capital receipt - AT

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Sale proceeds realized over and above the cost of asset cannot ...

Sale Proceeds Surpassing Asset Costs Are Capital Receipts, Not Business Income, Per Commercial Principles.

April 18, 2016

Case Laws Income Tax AT

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