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Income Tax - Highlights / Catch Notes

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Slump sale of windmills - capital gains as a slump sale u/s 50B ...

Income Tax

July 18, 2020

Slump sale of windmills - capital gains as a slump sale u/s 50B (2) - Wind mills constitute separate undertaking and the Ld.CIT(A) has rightly directed the AO to compute the capital gains as a slump sale u/s 50B (2) and no interference is called for.

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