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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Grant deduction u/s 54G - LTCG on the sale of its godown ...

Income Tax

July 22, 2019

Grant deduction u/s 54G - LTCG on the sale of its godown situated in Bangalore, an urban area and which has been relocated in a non urban area - the activity done by the assessee namely storage and repacking would also, in our opinion, fall within the definition of the word 'manufacture'.

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