Capital gains - Revaluation at market value results in notional ...

Asset Revaluation at Market Value Not Taxable; No Tax Liability on Imaginary Profits Without Asset Transfer.

November 7, 2016

Case Laws Income Tax AT

Capital gains - Revaluation at market value results in notional imaginary profit which cannot be taxed. Revaluation of an asset which an assessee continues to hold is not a taxable event and does not give rise to any taxable income - No tax liability - AT

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Capital gains - Revaluation at market value results in notional ...

Asset Revaluation at Market Value Not Taxable; No Tax Liability on Imaginary Profits Without Asset Transfer.

November 7, 2016

Case Laws Income Tax AT

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