Income earned by sale of land - The assessee is into the ...

Case Laws Income Tax

May 14, 2020

Income earned by sale of land - The assessee is into the business of acquiring and sale of plot and colonizers. On going through the Memorandum and Articles of Association, conduct and business affairs of the assessee, and on perusal of the books of accounts of the assessee, it cannot to be said to be an income arising out of capital gains and has been rightly treated as business income by the ld. CIT (A).

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Income earned by sale of land - The assessee is into the ...

Case Laws Income Tax

May 14, 2020

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