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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The entire gamut of action of the assessee in engaging in such ...

Income Tax

September 24, 2016

The entire gamut of action of the assessee in engaging in such big ticket land purchase without employing any fund of his own and almost immediate re-sale thereof clearly demonstrates the implicit intention of the assessee that the transaction entered was nothing but an ‘adventure in the nature of trade’ i.e. a business transaction - AT

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