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Showing contexts for: NET compulsory in Dcit- 3(4) , Mumbai vs M/S Reliance Industries Limited, ... on 18 October, 2023Matching Fragments
Long term capital gain on Sale/Compulsory acquisition of land
9. Erred in not considering the net long term capital gains on sale/compulsory acquisition of land amounting to Rs. 57,77,671/- as exempt from tax as p Section 96 of The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and settlement Act, 2013 and relying on CB circular No 36/2016 dated 15.10.2016.
Short grant of foreign tax credit
10. Erred in confirming the action of the learned AO of not granting credit of foreign paid to the tune of Rs. 3,23,310/-.
Long term capital gain on Sale/Compulsory acquisition of land
9. Erred in not considering the net long term capital gains on sale/compulsory acquisition of land amounting to Rs 23,97,71,157/- as exempt from tax as p Section 96 of The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and settlement Act, 2013 and relying on CB circular No 36/2016 dated 15.10.2016 Short grant of foreign tax credit
10. Erred in confirming the action of the learned AO of not granting credit of foreign paid to the tune of Rs. 5,47,217/-.