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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Applicability of Section 50C - The contention that the property ...


Court Rules Against Tax Evasion in Property Transfer Case for FY 2005-06 u/s 50C and Section 2(47)(v.

February 11, 2013

Case Laws     Income Tax     HC

Applicability of Section 50C - The contention that the property stood transferred in the financial year 2005-06 when the sale proceeds were received on the basis of the definition appearing from s.2(47)(v) is without any substance. - Designs to evade tax cannot be permitted. - HC

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