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Property Transfer Finalized in 2009; No Capital Gain for 2010-2011 u/s 2(47) on Capital Assets.
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....Capital Gain - transfer of property u/s 2(47) - the transfer in relation to capital asset have completed on 30.01.2009 which pertain to preceding A.Y. 2009-2010, therefore, no capital gain could be assessed in assessment year under appeal i.e., 2010-2011.....