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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Capital gains - Application of income - ITAT is justified in ...


ITAT Rules Payment to Sisters Under Will Was Voluntary, Not Mandatory, Affecting Capital Gains Application.

February 9, 2012

Case Laws     Income Tax     HC

Capital gains - Application of income - ITAT is justified in holding that the obligation to make the payment to the sisters under the Will was a voluntary act of the appellant in the light of the agreement of Distribution of Assets.... - HC

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