Correct head of income - gain on sale of building - ‘long term ...

Income Tax

April 27, 2020

Correct head of income - gain on sale of building - ‘long term capital gains’ or ‘business income’ - merely because the assessee is engaged in the construction business is not a ground that land and building should be treated as part of stock in trade. - HC

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Correct head of income - gain on sale of building - ‘long term ...

Income Tax

April 27, 2020

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