TMI BlogCapital gain computation - real owner of asset - the land was purchased in the individual name of the...Capital gain computation - real owner of asset - the land was purchased in the individual name of the assessee, and not as director of the company. Funds for the purpose of the land was also not found to be contributed by the company. The land having neither been purchased in the name of the company nor paid for by the company there is no case for treating the land as belonging to the company. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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