Portion of money retained in Escrow account to be taken into consideration for computing capital gains: HC

INCOME TAX : Where Business Sale Agreement was entered into between assessee and purchaser for selling of right, title and interest in the business carried out by assessee for a lump sum consideration and after having agreed upon full and final consideration, parties agreed to retain a particular amount of money in an Escrow account, since possession of asset was handed over to assessee and entire amount has been received by assessee without any deductions,

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