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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Capital gains computation - lower revenue authorities have erred ...

Case Laws     Income Tax

July 29, 2016

Capital gains computation - lower revenue authorities have erred in computing the capital gain in the instant case on the basis of deemed cost of consideration u/s 50C whereas AO was statutorily required to compute the capital gain as per provisions contained u/s 48 of the Act on the basis of actual cost of consideration received by the assessee. - AT

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