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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Reopening of assessment - LTCG - transfer of rights in favour of ...


Reassessment Void: No Revenue Loss as Taxes on LTCG Under JDA Paid in Subsequent Years, Says Court.

August 28, 2017

Case Laws     Income Tax     AT

Reopening of assessment - LTCG - transfer of rights in favour of the Developer (JDA) - year of taxability - assessee contended that, in subsequent years he has paid the taxes and therefore, there was no loss to revenue or escapement of income - re-assessment is void

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