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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Sale of land - AO is not correct in holding that the land was ...

Case Laws     Income Tax

March 24, 2015

Sale of land - AO is not correct in holding that the land was not an agricultural land and the activity of purchase and sale of the said land being an adventure in the nature of trade, profit arising therefrom was chargeable to tax in her hands as business income - Not taxable - AT

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