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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Long-term capital gain - cost of acquisition - capital gain ...

Case Laws     Income Tax

January 24, 2023

Long-term capital gain - cost of acquisition - capital gain worked out by the DVO - They have calculated the long-term capital gain simply by taking into consideration the stamp duty valuation by applying section 50C ignoring all other provisions. - AO directed to calculate the capital gain assessable in the hands of the assessee on the basis of computation made by the assessee - AT

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