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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Taxability of long term capital gain arising on sale of ...

Income Tax

November 27, 2020

Taxability of long term capital gain arising on sale of depreciable asset at 20% instead of 30% - assessee has not made such claim either in the original return of income or through a revised return of income - CIT(A) was not justified in rejecting the claim of the assessee without deciding it on merit. - AT

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