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Income Tax - Highlights / Catch Notes

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Investment in purchase of property - addition on basis of ...

Income Tax

April 15, 2023

Investment in purchase of property - addition on basis of valuation report of DVO u/s 142A - The provisions of section 142A of the Act are applicable only when the assessee has made investment in construction. In the present case, the assessee purchased a ready built house and therefore the provisions of section 142A of the Act are not attracted to the facts and circumstances of the present case. - AT

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