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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Capital Gains - Even if it is assumed that transfer of shares of ...


No extra tax on share transfer as land unless proven extra payment, per Section 50C.

October 5, 2017

Case Laws     Income Tax     AT

Capital Gains - Even if it is assumed that transfer of shares of the said company amounted to transfer of plot of land, in the absence of any evidence of extra amount having been exchanged, no addition can be made by invoking section 50C

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