hyderabadupdates.com Real Estate No capital gains if flat’s sale price equals purchase cost: ITAT

No capital gains if flat’s sale price equals purchase cost: ITAT

April 15, 2026April 15, 2026| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 12:14 am
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The Income Tax Appellate Tribunal ruled that no capital gains tax applies when a property’s sale price equals its purchase cost. The tribunal allowed a taxpayer’s appeal, deleting a Rs 42.5 lakh addition by the tax department. This decision was based on the identical purchase and sale values and a similar ruling in the co-owner’s case.

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