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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Section 47(vii) as amended by Finance Act 2012 is retrospective ...

Income Tax

February 28, 2019

Section 47(vii) as amended by Finance Act 2012 is retrospective in nature - Section 56(2)(viia) cannot be applied in respect of transaction where the transfer in the case falls u/s 47(vii) of the Income-Tax Act.

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