Capital gain chargeable in year of receipt of compensation in case of compulsory acquisition of land: SC

INCOME TAX: Supreme Court affirms ruling of Punjab and Haryana High Court holding that capital gains arising out of land acquisition compensation were chargeable to income-tax under section 45 for previous year referable to date of award of compensation and not date of notification for acquisitionINCOME TAX: Supreme Court affirms ruling of Punjab and Haryana High Court holding that capital gains arising out of land acquisition compensation were chargeable to income-tax under section 45 for previous year referable to date of award of compensation and not date of notification for acquisitionwww.taxmann.com Latest Case LawsRead More

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