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Period of holding of a flat reckoned from date of allotment letter as such letter extinguished all rights of seller

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  • Period of holding of a flat reckoned from date of allotment letter as such letter extinguished all rights of seller
Posted onon March 10, 2014

Tenet Tax Daily March 03 2014

By tenettax-team
Corporate Tax

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Income from sale of shares treated as capital gain even when it witnessed higher frequency of transactions
CIT(A) couldn’t invoke sec. 251 to reopen cases where appeal was neither pending nor disposed off by him

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