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Income Tax - Highlights / Catch Notes

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Mode of computation - sale of tenancy rights - Benefit of ...

Income Tax

June 30, 2018

Mode of computation - sale of tenancy rights - Benefit of indexation - Cost of acquisition to be taken as NIL for Fair Market Value (FMV) as on 1.4.1981 - Scope of section 55(2)(a) and 55(2)(b) - issue decided in favor of revenue.

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