TMI BlogCourt Rules Converted Land as Non-Agricultural, Taxable Upon Sale of Housing Plots Under Taxpayer's Stock-in-Trade.Conversion of land - whether the land which was converted by the assessee into stock in trade (housing plots) is an agricultural land or not? - Held No - taxable in the year of sale - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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