Gain on sale of land - business income or long term capital gain ...

Tax Authorities Misclassify Land Sale; Incorrectly Added as Capital Gains and Business Income, Raising Taxable Income.

November 11, 2019

Case Laws Income Tax AT

Gain on sale of land - business income or long term capital gain - Authorities below were not justified in making or confirming the addition in the hands of the assessee under the head `Capital gains’ as well as `Profits and gains from business or profession’

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Gain on sale of land - business income or long term capital gain ...

Tax Authorities Misclassify Land Sale; Incorrectly Added as Capital Gains and Business Income, Raising Taxable Income.

November 11, 2019

Case Laws Income Tax AT

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