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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Capital gain - there is no Joint Development Agreement (JDA), ...

Case Laws     Income Tax

September 20, 2018

Capital gain - there is no Joint Development Agreement (JDA), but only an unregistered sale agreement, which could not be fulfilled due to external reasons and there was no handing over of possession at any point of time to the purchaser - the addition made by the AO is uncalled for.

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