Thursday, January 24, 2019

Property purchase to be reckoned from original agreement date if deal delayed due to void compulsory acquisition

IT : Where purchase of property was delayed due to void compulsory acquisition by Appropriate IT Authority, date of purchase would relate back to original agreement, and not to date of execution of sale deed and benefit of cost indexation was to be provided from said date

from www.taxmann.com Latest Case Laws http://bit.ly/2FXYPxx

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