Long term capital gain on sale of long term capital assets - ...

No Conversion of Capital Assets to Stock-in-Trade; Section 45(2) of the Income Tax Act Not Applicable.

May 15, 2015

Case Laws Income Tax AT

Long term capital gain on sale of long term capital assets - there is no conversion of capital assets to stock-in-trade either by the assessee or the joint family. In this view of the matter, we hold that the provision of section 45(2) of the Act are not applicable - AT

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Long term capital gain on sale of long term capital assets - ...

No Conversion of Capital Assets to Stock-in-Trade; Section 45(2) of the Income Tax Act Not Applicable.

May 15, 2015

Case Laws Income Tax AT

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