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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Computation of capital gain tax - computing the inflation cost ...

Case Laws     Income Tax

November 20, 2020

Computation of capital gain tax - computing the inflation cost of the asset - Since the assessee has not furnished any revenue record to show that there is a building or evidence regarding power connections or water connections, in the absence of this evidence, it has to be noted that there is no building in the scheduled property and the assessee is not entitled for any benefit of cost of improvement. - AT

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