Capital Gain - Receipt of consolidated amount - where a gain ...
Taxpayers can separate gains from multiple asset sales to benefit from long-term capital gains tax rules.
September 6, 2019
Case Laws Income Tax AT
Capital Gain - Receipt of consolidated amount - where a gain from one of capital assets was a short-term capital gain while from other it was a long term capital gain, then the assessee is entitled to bifurcate the same and benefit to assessee could not be denied in respect of gain arising from sale of an asset which could be considered as long-term capital gain. - AT
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