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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Nature of receipt - Capital or revenue receipt - since the ...


Receipt from Immovable Property Classified as Capital Due to Asset Nature, Not Revenue.

December 6, 2017

Case Laws     Income Tax     AT

Nature of receipt - Capital or revenue receipt - since the immovable property itself is capital in the hands of the assessee, therefore the right to 'more enjoyment' of this property should also be capital in nature - AT

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