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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Capital gain – Expenses claimed as cost of improvements are ...

Case Laws     Income Tax

August 28, 2012

Capital gain – Expenses claimed as cost of improvements are Municipal tax, Land conversion and Mandal development cess tax, which cannot be said to be expenditure incurred for the improvement of or addition to the asset. - AT

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