Profit from sale of flat - treated as income from capital gain ...

Flat Sale Profit Classified as Capital Gain, Not Business Income, Due to Lack of Construction Involvement by Assessee.

July 9, 2015

Case Laws Income Tax AT

Profit from sale of flat - treated as income from capital gain OR business income - The assessee has not incurred any expenses towards construction of building nor it had carried out any activity for the construction of the building - to be assessed as capital gain and not as business income - AT

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Profit from sale of flat - treated as income from capital gain ...

Flat Sale Profit Classified as Capital Gain, Not Business Income, Due to Lack of Construction Involvement by Assessee.

July 9, 2015

Case Laws Income Tax AT

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