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Income Tax

Capital Gains - diversion of income by overriding title - the...

Capital Gains Tax: Real Income Theory Can't Justify Unauthorized Deductions Under Income-tax Act.

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Income TaxNovember 3, 2011Case LawsAT

Capital Gains - diversion of income by overriding title - the theory of real income cannot be applied to allow deduction to the assessee which is otherwise not permissible under the Income-tax Act.

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