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No denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record

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  • No denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record
Posted onon April 11, 2019

Tenet Tax Daily April 04 2019

By tenettax-team
Corporate Tax

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ITAT quashed draft assessment order as ‘ESPN’, being NR partnership firm, wasn’t an eligible assessee u/s 144C
Sum received by partner on retirement from firm is exempt from tax: ITAT

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