Second round of litigation - Once Assessing Officer holds that ...

Assessing Officer Confirms Long-Term Capital Gains u/s 48; Cannot Reassess Acquisition Costs Already Accepted.

February 28, 2017

Case Laws Income Tax AT

Second round of litigation - Once Assessing Officer holds that the sale gives rise to taxability u/s 48 as long term capital gains, the matter ends there. It was no longer open to him to examine the details about cost of acquisition and cost of improvement which were examined and accepted in the first round. - AT

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Second round of litigation - Once Assessing Officer holds that ...

Assessing Officer Confirms Long-Term Capital Gains u/s 48; Cannot Reassess Acquisition Costs Already Accepted.

February 28, 2017

Case Laws Income Tax AT

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