TMI BlogAddition u/s 56(2)(vii)(b)(ii) - applicability on stock in trade - the definition of property as...Addition u/s 56(2)(vii)(b)(ii) - applicability on stock in trade - the definition of property as provided u/s 56(2)(vii) will have application to the ‘property’ which is in the nature of a capital asset of the recipient and therefore would not apply to stock-in-trade, raw material and consumable stores of any business of such recipient ..... X X X X Extracts X X X X X X X X Extracts X X X X
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