LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]
Long Term Capital Gain ( LTCG ) without indexing cost of acquisition is to be considered for computing tax liability under Section 115JB of income Tax Act 1961, rules, ITAT
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Long Term Capital Gain ( LTCG ) without indexing cost of acquisition is to be considered for computing tax liability under Section 115JB of income Tax Act 1961. The Assessing Officer/Transfer Pricing Officer dismissed the assessee’s submissions, asserting that the provisions…
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