Conversion of land into Stock in Trade - The profit or gains ...

Land Conversion to Stock: Taxable as Capital Gains When Sold, Per Income Tax Laws.

January 19, 2012

Case Laws Income Tax AT

Conversion of land into Stock in Trade - The profit or gains arising from the transfer by way of such conversion thus was chargeable to tax as the income of the assessee under the head "Capital Gains" of the year under consideration since the said stock in trade was admittedly sold by him in that year...... - AT

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Conversion of land into Stock in Trade - The profit or gains ...

Land Conversion to Stock: Taxable as Capital Gains When Sold, Per Income Tax Laws.

January 19, 2012

Case Laws Income Tax AT

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