Capital asset or not – there was no other transaction entered ...

Land Retained for Five Years Deemed Capital Asset, Not Adventure in Trade, Says Court Decision.

November 26, 2013

Case Laws Income Tax AT

Capital asset or not – there was no other transaction entered into by the assessee and the land was retained almost for the 5 years - sale of the land cannot be treated as an adventure in the nature of the trade - AT

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Capital asset or not – there was no other transaction entered ...

Land Retained for Five Years Deemed Capital Asset, Not Adventure in Trade, Says Court Decision.

November 26, 2013

Case Laws Income Tax AT

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