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Case Law Details

Case Name : Jagdish Arora Vs ITO (ITAT Agra)
Related Assessment Year : 2015-16
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Jagdish Arora Vs ITO (ITAT Agra)

Long Term Capital Gain on  compulsory acquisition –  Taxability Event –   and applicability of RFCTLARR Act 2013 –  Whether the compensation received  on account of Compulsory Acquisition by Government  is   exempt  under provision of Section 96 of RFCTLRR Act 2013 – if the  land acquired prior to applicability of RFCTLARR Act but compensation received after  applicability of RFCTLARR.

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Author Bio

Ajay Kumar Agrawal FCA, a science graduate and fellow chartered accountant in practice for over 26 years. Ajay has been in continuous practice mainly in corporate consultancy, litigation in the field of Direct and Indirect laws, Regulatory Law, and commercial law beside the Auditing of corporate and View Full Profile

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