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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Cost of acquisition - succession or inheritance - cost of ...

Income Tax

January 2, 2014

Cost of acquisition - succession or inheritance - cost of improvement - if the previous owner had mortgaged the property and the assessee and his co-owners cleared off the mortgage so created, it could not be said that they incurred any expenditure by way of effecting any improvement to the capital asset - AT

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