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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Capital gain - development agreement - unless the purchaser was ...


Capital Gains: No Transfer in Development Agreements Without Physical Possession, per Section 2(47)(v) Interpretation.

November 3, 2016

Case Laws     Income Tax     AT

Capital gain - development agreement - unless the purchaser was actually physically put in possession, even though the agreement was entered, it cannot be said that transfer had taken place in view of section 2(47)(v) - AT

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