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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Taxability on compensation received on transfer of 'Development ...

Income Tax

February 20, 2012

Taxability on compensation received on transfer of 'Development Rights' - a capital asset in respect of which the cost of improvement could not be ascertained and therefore the receipts of consideration for transfer of the said rights cannot be brought to tax as the said receipts will be capital receipts and not capital gain. - AT

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