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Long-Term Capital Gains Exempted From Income Tax, Non-Disclosure Doesn't Amount To Loss Of Revenue: Gauhati High Court

The Gauhati High Court has held that the long-term capital gains are exempt from income tax, and the non-disclosure while computing the long-term capital gains cannot result in causing prejudice to. ....

Justice Kaushik Goswami , Revisional Authority , Gauhati High Court , Principal Commissioner , Income Tax , Computer Assisted Scrutiny Selection , Show Cause Notice , Assessment Order , For Petitioner ,