Capital gains tax on sale of repatriates' capital goods enables recovery action under Section 45. Sale of goods brought into the country by repatriates as their capital is subject to capital gains tax; the Board directs that tax demands arising from such capital gains be assessed and appropriate recovery action may be taken, and that these instructions be communicated to all responsible officers.
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Provisions expressly mentioned in the judgment/order text.
Capital gains tax on sale of repatriates' capital goods enables recovery action under Section 45.
Sale of goods brought into the country by repatriates as their capital is subject to capital gains tax; the Board directs that tax demands arising from such capital gains be assessed and appropriate recovery action may be taken, and that these instructions be communicated to all responsible officers.
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