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Income Tax - Highlights / Catch Notes

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Computation of income from business u/s 45(2) when a capital ...


A.O. Miscalculates Long-Term Capital Gains by Using Gross Land Value Instead of Saleable Land u/s 45(2.

March 30, 2016

Case Laws     Income Tax     AT

Computation of income from business u/s 45(2) when a capital asset converted into stock in trade - A.O. was not correct in adopting gross land for computing long term capital gain and only saleable land for the purpose of income from business - AT

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