Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Family Arrangements<br />
• Cost <strong>of</strong> acquisition in the hands <strong>of</strong> the<br />
member receiving the asset after the<br />
settlement<br />
• Cost to the previous owner and not<br />
the amount mentioned in the family<br />
settlement deed<br />
CIT v. Shanti Chandran (2003) 127<br />
Taxman 475 (Mad)