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The Income Tax Department has notified the cost inflation index for the current fiscal to calculate long-term capital gains arising from the sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by…

In a major win for the income tax (IT) department, the Kolkata high court (HC) has allowed the department’s plea against a batch of 90 appeals filed by entities entities that had allegedly misused capital gains provisions to evade Rs…