TMI BlogLong term capital gain on sale of long term capital assets - there is no conversion of capital assets...Long term capital gain on sale of long term capital assets - there is no conversion of capital assets to stock-in-trade either by the assessee or the joint family. In this view of the matter, we hold that the provision of section 45(2) of the Act are not applicable - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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