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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Addition on account of Short term capital gain u/s 50C - sale of ...


Tribunal Rules Section 50C Inapplicable for Sale of Reservation Letter; Not Land or Building, Says Assessee.

February 14, 2017

Case Laws     Income Tax     AT

Addition on account of Short term capital gain u/s 50C - sale of Reservation Letter (Arakshan Patra) - assessee's case capital assets are neither land nor building. - the provisions of Section 50C are not applicable on the assessee - AT

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