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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Whether development of immovable property is in the nature of ...

Income Tax

June 13, 2017

Whether development of immovable property is in the nature of trade - period of holding since 1965 - the transaction could not come within the ambit of adventure in the nature of trade - also the gain from sale of such property cannot be held as business income - HC

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