Sec.45(2) of the Act provides the assessee to convert the ...

Section 45(2) Permits Capital Asset to Stock-in-Trade Conversion Anytime, Irrespective of Business Activity Status.

December 7, 2015

Case Laws Income Tax AT

Sec.45(2) of the Act provides the assessee to convert the capital asset into stock-in-trade at any time during the year. There is no prohibition under the Act, whether or not the business activities carried on by assessee-company during the relevant AY - AT

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Sec.45(2) of the Act provides the assessee to convert the ...

Section 45(2) Permits Capital Asset to Stock-in-Trade Conversion Anytime, Irrespective of Business Activity Status.

December 7, 2015

Case Laws Income Tax AT

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