The assessee was treated as deem owner for the limited purpose ...

Case Laws Income Tax

September 12, 2016

The assessee was treated as deem owner for the limited purpose of claiming of depreciation. As such, assessee-company never became the owner of the land and building. Therefore sale proceeds received by Director of the assessee-company is taxable in the hands of Director and not in the hands of assessee-company - AT

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The assessee was treated as deem owner for the limited purpose ...

Case Laws Income Tax

September 12, 2016

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