Legal fiction created in Section 50 is confined to the computation of capital gains and does not alter the nature of the asset or affect eligibility for exemptions under other sections The Special Bench of the Mumbai ITAT, recently delivered a significant ruling in the case of SKF India Ltd, clarifying the interpretation of…
The post Legal fiction created in Section 50 is confined to the computation of capital gains and does not alter the nature of the asset or affect eligibility for exemptions under other sections appeared first on The Tax Talk.
