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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Conversion of land - whether the land which was converted by the ...


Court Rules Converted Land as Non-Agricultural, Taxable Upon Sale of Housing Plots Under Taxpayer's Stock-in-Trade.

March 2, 2015

Case Laws     Income Tax     AT

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

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