Friday, July 13, 2018

Sale of land was taxable as capital gains though dep. was claimed on staff quarters built on it

IT: Where land on a part of which staff quarters were situated was sold and though on such staff quarters depreciation was claimed, no depreciation being claimed on land in earlier years, profit on sale of land would give rise to LTCG

from www.taxmann.com Latest Case Laws https://ift.tt/2KPMejT
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