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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Profits from the sale of the property - Considering the ...

Case Laws     Income Tax

July 10, 2012

Profits from the sale of the property - Considering the statement of total income shows that in treating the business income, the A.O. himself has accepted (a) index cost of acquisition and (b) exemption u/s.54EC. The A.O. cannot blow hot and cold in the same breath - AT

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