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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Assessee's gains were profits from sale of specified ...

Income Tax

May 16, 2016

Assessee's gains were profits from sale of specified agricultural land which does not come within the definition of asset as prescribed under s. 2(14) and by virtue of s. 2(lA)(a) r/w s, 2(14)(iii) r/w s. 10(1) the assessee's gains from sale of such agricultural land are exempt income - AT

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