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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Capital gain - The Builder's agreement with respect to share in ...


Court Rules Builder's Land Transfer as Fraudulent, Impacting Capital Gains Tax Treatment Under Income Tax Law.

February 1, 2018

Case Laws     Income Tax     HC

Capital gain - The Builder's agreement with respect to share in land and transfer of land under the impression that land itself has been converted into 'stock in trade' is nothing but a colourable transaction and it amounts to fraud. - HC

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