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Income Tax - Highlights / Catch Notes

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Rectification u/s 254 - Gain on sale of land - ambiguity found ...

Income Tax

May 27, 2019

Rectification u/s 254 - Gain on sale of land - ambiguity found in the order which nowhere clearly speaks about the fact that the gain arising out of selling of flat is liable to be assessed as business income or long term capital gain - order recalled

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