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Income Tax - Highlights / Catch Notes

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Addition of Short term capital gains u/s 45 - agriculture land - ...

Income Tax

July 18, 2018

Addition of Short term capital gains u/s 45 - agriculture land - land sold as capital asset - transfer of land within a short span of one year, clearly reveals that the land under consideration was never intended by the assessee to be exploited for agricultural operations - additions confirmed.

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