Thursday, 5 November 2015

Sec. 11 relief available for investment in another capital assets even when such asset isn't held ti

IT : Where assessee disposed of investments being its capital assets held under Trust wholly for charitable purpose and net consideration from such disposal was utilized for acquiring other capital assets for charitable purpose, assessee's claim was to be allowed on capital gain arising from such disposal of original investments even though capital assets were not held till end of financial year

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