1990 (11) TMI 74

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..... the Tribunal was right in holding that construction of flats on 30, Ferozeshah Road, and selling them on profit is not a business activity but is a conversion of a capital asset from one form to another ?" The respondent is a public charitable trust. It had a building at 30, Ferozeshah Road, New Delhi, which was demolished and a multi-storeyed building was constructed. A part of the building so .....

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