Conversion of capital asset to stock in trade - The land in ...

Conversion of Land to Stock in Trade Exempts Section 50C Due to No Actual Transfer or Stamp Duty Valuation.

February 6, 2015

Case Laws Income Tax AT

Conversion of capital asset to stock in trade - The land in question was not actually transferred and hence no value was adopted by the Stamp Duty Authorities as the matter never went to Stamp Duty Authorities. Thus provisions of section 50C were not applicable - AT

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Conversion of capital asset to stock in trade - The land in ...

Conversion of Land to Stock in Trade Exempts Section 50C Due to No Actual Transfer or Stamp Duty Valuation.

February 6, 2015

Case Laws Income Tax AT

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