Whether development of immovable property is in the nature of ...

Property held since 1965 not considered trade adventure; sale gains not business income.

June 13, 2017

Case Laws Income Tax HC

Whether development of immovable property is in the nature of trade - period of holding since 1965 - the transaction could not come within the ambit of adventure in the nature of trade - also the gain from sale of such property cannot be held as business income - HC

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Whether development of immovable property is in the nature of ...

Property held since 1965 not considered trade adventure; sale gains not business income.

June 13, 2017

Case Laws Income Tax HC

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