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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Even in a case where there is evidence to prove that an ...


Industrial Gala Sale: Unused for Years, Short-Term Capital Gain u/s 50 Applied.

October 13, 2017

Case Laws     Income Tax     HC

Even in a case where there is evidence to prove that an industrial gala which was once used for business is not used for business for many years, the gain on sale thereof will attract the provisions of section 50 and will consequently be short term capital gain - HC

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