Characterization of income - profit from sale of land - ...

Profit from Land Sale as Business Income: Agricultural to Non-Agricultural Conversion Treated as Trade Adventure.

February 29, 2020

Case Laws Income Tax AT

Characterization of income - profit from sale of land - conversion of agricultural land into non-agricultural land - same land was plotted and entered into agreement with REHWS - the activity carried by the assessee is ‘adventure in the nature of trade’ - AT

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Characterization of income - profit from sale of land - ...

Profit from Land Sale as Business Income: Agricultural to Non-Agricultural Conversion Treated as Trade Adventure.

February 29, 2020

Case Laws Income Tax AT

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