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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Computation of capital gain towards transfer of asset between ...


Asset Transfer Between Assessee and Father Deemed Non-Transfer u/s 2(47)(v); Long-Term Capital Gain Addition Deleted.

January 27, 2017

Case Laws     Income Tax     AT

Computation of capital gain towards transfer of asset between the assessee and his father - transfer - no consideration passed on - there is no transfer within the meaning of section 2(47)(v) - A.O. directed to delete addition made towards computation of long term capital gain- AT

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