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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

LTCG - sale of apartment - rights were obtained by the assessee ...

Case Laws     Income Tax

April 5, 2019

LTCG - sale of apartment - rights were obtained by the assessee vide reservation of allotment letter - execution of agreement in assessee’s favor was nothing but mere improvements in the assessee’s existing rights in the property - gains were Long-Term Capital Gains in nature as counted from allotment date

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