Direction of the CIT(A) to assess the development of plots as ...

Income Tax Appeals: Sale of Plots Owned Over Three Years Qualifies as Long Term Capital Gain, Not Short Term.

December 3, 2015

Case Laws Income Tax AT

Direction of the CIT(A) to assess the development of plots as Short Term Capital Gain on sale of plots - Since assessee is owner of the plots, sale of plots will also be Long Term Capital Gain as assessee is owning the plot for more than three years. - AT

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Direction of the CIT(A) to assess the development of plots as ...

Income Tax Appeals: Sale of Plots Owned Over Three Years Qualifies as Long Term Capital Gain, Not Short Term.

December 3, 2015

Case Laws Income Tax AT

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