TMI BlogITAT Rules Payment to Sisters Under Will Was Voluntary, Not Mandatory, Affecting Capital Gains Application.Capital gains - Application of income - ITAT is justified in holding that the obligation to make the payment to the sisters under the Will was a voluntary act of the appellant in the light of the agreement of Distribution of Assets.... - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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