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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

The words "adopted" or "assessed" (as also "assessable") in s. ...

Income Tax

August 31, 2012

The words "adopted" or "assessed" (as also "assessable") in s. 50C(1) qualify the word "value" preceding it, and not the word "transfer" - there being no assessment by it by the end of the relevant year, i.e., 31-03-2006 cannot be accepted - AT

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