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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The residential and commercial plots allotted to the appellant ...


Appellant's Plot Sale Results in Short-Term Capital Gain According to Assessing Officer's Reserve Rate Calculation in Same Fiscal Year.

February 26, 2015

Case Laws     Income Tax     AT

The residential and commercial plots allotted to the appellant in lieu of in lieu of the acquisition - assessee has sold converted plots in the same financial year - AO concluded short term capital gain on the basis of reserve rate is justified - AT

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