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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Sale of land - Assessment in hands of partnership firm v/s ...


Tax Liability for Land Sale Falls on Partnership Firm, Not Individual Partners: Court Ruling.

December 8, 2018

Case Laws     Income Tax     HC

Sale of land - Assessment in hands of partnership firm v/s partners - the assessee alone is liable to pay tax on the sale consideration. Therefore, the contention of the assessee on that issue also, cannot be accepted.

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