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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Sale of four flats constructed by the Society by utilising ...


High Court Rules Society's Sale of Flats Using Extra FSI Not Taxable as Business Income.

June 23, 2016

Case Laws     Income Tax     HC

Sale of four flats constructed by the Society by utilising additional FSI available with it - treatment as business income - flats were allotted to members - receipt not taxable - HC

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