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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Capital gain - no title has been transferred in part performance ...


Capital Gains Tax Not Applicable: No Title Transfer in Contract Part Performance Involving Immovable Property.

May 10, 2016

Case Laws     Income Tax     AT

Capital gain - no title has been transferred in part performance of the contract as it had not affected the immovable property comprised there-in, hence capital gain cannot be brought to tax - AT

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