Capital asset u/s 2(14)(iii)(b) - land in question which was ...
Income Tax
October 17, 2013
Capital asset u/s 2(14)(iii)(b) - land in question which was located beyond 8 kms from the Municipal Limits as on 6-01-1994 when the notification was published in the official gazette, the same would fall under the exclusion clause of the term 'capital asset' as per provisions of 2(14)(iii)(b) of the Act. - AT
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