Whether gift of capital asset before 3 years on which capital gain benefit has been claimed u/s 54 attracts capital gain?
Since gift is not regarded as transfer u/s 47.
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Gift of capital asset before 3 years on which capital gain benefit u/s 54 has been claimed
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No capital gain.... ITAT allowed judgement in favour of assessee [TS-5395-ITAT-2015(CHENNAI)]
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