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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Disallowance made u/s.54G - assessee can purchase machinery even ...


Section 54G: Capital Gains Exemption Permitted for Machinery Purchase Post-Shift Despite Time Lag in Business Relocation.

December 6, 2017

Case Laws     Income Tax     AT

Disallowance made u/s.54G - assessee can purchase machinery even after shifting and commissioning of business from the new premises - there can be time lag between shifting of unit and receipt of capital gains - exemption allowed. - AT

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