Just because by shifting the head of income, the assessee would ...

Court Rules Capital Gains Cannot Be Reclassified as Business Income for Higher Tax; Investment Classification Must Be Respected.

November 2, 2019

Case Laws Income Tax AT

Just because by shifting the head of income, the assessee would be hit by tax liability cannot be ground enough for shifting the capital gains disclosed by the assessee to the business head, especially when the property has been shown as an investment by the assessee and the same has also been clearly demarcated.

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Just because by shifting the head of income, the assessee would ...

Court Rules Capital Gains Cannot Be Reclassified as Business Income for Higher Tax; Investment Classification Must Be Respected.

November 2, 2019

Case Laws Income Tax AT

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