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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Capital gain - transfer of land within the meaning of Section ...


No Capital Gains Tax on Land Transfer: No Actual Transfer Occurred Under Development Agreement (Section 2(47)(v) Income Tax Act.

August 2, 2018

Case Laws     Income Tax     HC

Capital gain - transfer of land within the meaning of Section 2(47)(v) - As no transfer of the said land had taken place under the Development Agreement, the occasion to compute capital gains as proposed, would not arise.

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