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Cap gain of inherited asset is to be computed by taking CII of the year in which asset is acquired by previous owner

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  • Cap gain of inherited asset is to be computed by taking CII of the year in which asset is acquired by previous owner
Posted onon August 7, 2015August 7, 2015

Tenet Tax Daily August 06 2015

By tenettax-team
Corporate Tax

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Preoperative exp. incurred to expand existing business was revenue exp.
Conversion of ‘Gram Dal’ into ‘Besan’ amounts to manufacture for sec. 80-IB relief

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