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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Capital gain on exchange of some property - when an arrangement ...


Family Directors' Property Exchange: Transaction Rate Not Comparable to Market Rate for Capital Gains Calculation.

April 24, 2015

Case Laws     Income Tax     AT

Capital gain on exchange of some property - when an arrangement is made between the family members, being Directors of the company, the rate so adopted for this purpose cannot be compared to prevailing market rate and the difference in rate cannot be adopted for the purpose of capital gains - AT

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