TMI BlogLong term capital loss/gain - loss on cancellation of flat booked - provisions of section 2(47) clause...Long term capital loss/gain - loss on cancellation of flat booked - provisions of section 2(47) clause (vi) - extinguishment of assessee’s right in flat - the assessee has rightly calculated the long term capital loss upon the cancellation of letter of intent - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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