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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition on account of compensation for re-acquiring the rights ...

Income Tax

November 11, 2015

Addition on account of compensation for re-acquiring the rights of plots of land - the assessee has not treated the sale transaction as complete. Thus, when no asset is sold by the assessee, the question of reacquiring the same does not arise. - AT

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