Capital Loss - it is not in dispute that the flat has not been ...

Capital Gain Computation Leads to Long Term Capital Loss on Flat Acquisition; Recognized by Assessing Officer.

January 3, 2019

Case Laws Income Tax AT

Capital Loss - it is not in dispute that the flat has not been acquired under the settlement but by some other means for which the cost of acquisition of the flat needs to be determined. The price of acquisition under the facts and circumstances cannot be changed at all and accordingly the resultant computation of capital gain would result in Long Term Capital Loss which has rightly been allowed by the AO.

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Capital Loss - it is not in dispute that the flat has not been ...

Capital Gain Computation Leads to Long Term Capital Loss on Flat Acquisition; Recognized by Assessing Officer.

January 3, 2019

Case Laws Income Tax AT

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