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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Disallowance of deduction u/s 48(i) - computation of capital ...


Section 48(i) Deduction Permitted for Expenses on Transfer of Indian Subsidiary Shares in Capital Gain Computation.

January 22, 2019

Case Laws     Income Tax     AT

Disallowance of deduction u/s 48(i) - computation of capital gain - the expenditure incurred is wholly and exclusively in connection with the transfer of shares of the Indian Subsidiary. Hence, qualifies for deduction u/s 48(i).

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