Nature of loss - business loss or short term capital loss - the ...

Court Rules Property Developer's Loss as Business Loss, Not Short-Term Capital Loss, Despite Land Being a Fixed Asset.

May 17, 2019

Case Laws Income Tax AT

Nature of loss - business loss or short term capital loss - the fact remains that the assessee is engaged in property development business and developing residential projects throughout all preceding assessment years - mere book treatment of the land in issue as a fixed asset cannot form the sole criteria to hold that the same gives rise to capital loss - considered as business loss

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Nature of loss - business loss or short term capital loss - the ...

Court Rules Property Developer's Loss as Business Loss, Not Short-Term Capital Loss, Despite Land Being a Fixed Asset.

May 17, 2019

Case Laws Income Tax AT

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