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Income Tax - Highlights / Catch Notes

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Computation of capital gain - slump sale - Long Term Capital ...

Income Tax

January 24, 2022

Computation of capital gain - slump sale - Long Term Capital Gains - aggregate value of assets for purpose of computing net worth of undertaking in terms of provisions of section 50B - there is no error or infirmity in the reasoning given by the learned CIT(A) to delete additions made towards computation of short term capital gains on transfer of undertaking in terms of section 50B of the Income Tax Act, 1961. - AT

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