Short term capital gain or long term capital gain of capital...
Court Rules in Favor of Taxpayer on Capital Gains; Building Sale Gains Ruled Long-Term, Not Short-Term.
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Income TaxAugust 29, 2023Case LawsAT
Short term capital gain or long term capital gain of capital assets - sale of building with land - denying indexed cost of acquisition and indexed cost of improvement claimed by the assessee - different treatment in the hands of co-owner of the property - Action of the AO is not correct - Relief granted - AT