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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

The economic reasons for insertion of Sec. 10(33) of the Act ...

Case Laws     Income Tax

April 26, 2012

The economic reasons for insertion of Sec. 10(33) of the Act clearly shows that the source viz., transfer of capital asset being units of US 64 itself that has been excluded by the will of the Legislature and not the capital gain alone.- AT

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