Thursday, March 5, 2020

Assessee liable to capital gain tax if land acquired by Govt. was categorized as 'Gairmumkin' in nature

INCOME TAX : Where from report of Halqa Patwari it was evident that land of assessee acquired by Government was 'Gairmumkin' in nature, and same was not agricultural land, compensation received by assessee in pursuance of land acquisition proceedings was subject to TDS

from www.taxmann.com Latest Case Laws https://ift.tt/39t21NC
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