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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Deduction of traveling expenditure from Capital gains - ...


Travel Expenses Deducted from Capital Gains Due to Direct Link with Property Transfer in India.

August 12, 2016

Case Laws     Income Tax     AT

Deduction of traveling expenditure from Capital gains - appellant has proved the direct linkage/nexus between her travel to India and the corresponding travel expenditure with the transfer of the property, capital gains arising out of which has been duly offered to tax - deduction allowed - AT

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