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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Capital gain computation - transaction under consideration is ...


Capital Gain Computation for AOP Members: Section 50C Inapplicable, Section 45(3) Applies Under Income Tax Act.

August 24, 2020

Case Laws     Income Tax     AT

Capital gain computation - transaction under consideration is between the members of AOP - Deeming fiction - the provisions of section 50C of the Act are not applicable in the instant case and provision of section 45(3) of the Act will be applied. - AT

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