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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Assessee has offered the gross amount on sale of land/ ...


Assessee Claims Revenue Receipts from Land Sale; Warns Against Double Taxation on Land Costs.

June 27, 2014

Case Laws     Income Tax     AT

Assessee has offered the gross amount on sale of land/ building/IT Park as revenue receipt for taxation purposes and there is no deduction of land cost from it, taxing the cost of the land once again amounts to double taxation - AT

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