Gain arising on the sale of land - to be taxed as ‘business ...

Court Remands Case to Determine if Land Sale Gains are Business Income or Investment Returns.

January 15, 2019

Case Laws Income Tax AT

Gain arising on the sale of land - to be taxed as ‘business income’ or not - specific verification needs to be conducted to verify whether actual intention of the assessee was to procure the land for investment or to sale it at higher profit - matter remanded back.

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Gain arising on the sale of land - to be taxed as ‘business ...

Court Remands Case to Determine if Land Sale Gains are Business Income or Investment Returns.

January 15, 2019

Case Laws Income Tax AT

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