Thursday, December 26, 2019

AO rightly taxed utilized amount of capital gain account scheme after expiry of 3 years: HC

INCOME TAX: Where only a part of amount deposited in Capital Gains Account Scheme was utilized for construction or purchase of a new asset within specified time of three years, income tax was chargeable on remaining unutilized amount in previous year in which period of three years expired

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