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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Long term capital gains - exchange of land - determination of ...

Income Tax

February 22, 2023

Long term capital gains - exchange of land - determination of full value of consideration and cost of acquisition - application of section 50C - AO has allowed cost of acquisition in accordance with law and has arrived net capital gains in respect of both the properties. In our considered view, the method adopted by the AO is in accordance with law and does not called for any interference from our end. - AT

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