Amount received on transfer of Bungalow - the presumption under...
Bungalow Sale Proceeds Considered Capital Gains for Tax, Even if Ownership Gained Post-Sale.
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Income TaxFebruary 11, 2016Case LawsAT
Amount received on transfer of Bungalow - the presumption under the law is that the assessee had sold his interest in the entire property even if he has acquired such ownership rights after the sale. - to be assessed under the head “capital gains” - AT