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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Chargeability to Capital gain - the land in question was ...

Case Laws     Income Tax

November 28, 2012

Chargeability to Capital gain - the land in question was acquired by father of the assessee free of cost. Therefore, there is no question of capital gain on transfer of such land and enhanced compensation reeived is not chargeable to tax - AT

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