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Capital Gains India (11)

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Taxablity of Cash Compensation Received On Redevelopment

In this post we will discuss the Taxablity of Cash Compensation Received On Redevelopment. In the matter of Jitendra Kumar Soneja vs. ITO, [2016]161ITD269(Mum) the Income Tax Appellate Tribunal ("ITAT"), Mumbai, dealt with the issue of the tax treatment of any cash compensation received by an…