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Income Tax - Highlights / Catch Notes

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Capital gain computation - justification in adopting the value ...

Income Tax

May 6, 2020

Capital gain computation - justification in adopting the value u/s. 50C - property not sold for the market rate - when the assessee mortgaged property to Catholic Syrian Bank and could not effectively negotiate for sale of property due to Kidney failure of one of the assessee, the provisions of s. 50C of the Act not be applicable.

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