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Government of India notifies sale re issue of the Government Stocks

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Notification No. 48/2018 and 49/2018 – Customs

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Technical Guide on Annual Return & GST Audit published by ICAI

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The assessee can be taxed only on the gain which is oozing out from the sale consideration, thus, no adverse inference can be drawn while invoking the provision of section 50C of the Act. – Bombay High Court

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