Section 2(14) stipulates that property can be ‘capital asset’ ...

Section 2(14) Clarifies Business-Linked Property Can Be 'Capital Asset', Taxable as 'Capital Gains' Upon Sale.

July 28, 2017

Case Laws Income Tax AT

Section 2(14) stipulates that property can be ‘capital asset’ even if connected with business of the assessee. - land/properties were held by the assessee as ‘capital assets’ before its sale and consequential gains arising on sale thereto is chargeable under the head ‘capital gains’.

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Section 2(14) stipulates that property can be ‘capital asset’ ...

Section 2(14) Clarifies Business-Linked Property Can Be 'Capital Asset', Taxable as 'Capital Gains' Upon Sale.

July 28, 2017

Case Laws Income Tax AT

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