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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Sale of land after converting it into plots - since sale of ...

Case Laws     Income Tax

September 3, 2013

Sale of land after converting it into plots - since sale of plot was a solitary transaction and was completed within a short period, therefore, surplus resulting from such transaction was held to be taxable as capital gains and not as business income - AT

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