Conversion of asset into stock-in-trade - no error in applying ...

Court Upholds Use of Notional Value and 10% Depreciation for Land Sale u/s 45(2) Income Tax Act.

October 13, 2012

Case Laws Income Tax HC

Conversion of asset into stock-in-trade - no error in applying Section 45(2) and by adopting a notional value for land as on 1.4.1974 for stamp duty for working out business income from the sale of land and applying the depreciated value by 10% of every year for the purposes of arriving at value in the year 1984 - HC

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Conversion of asset into stock-in-trade - no error in applying ...

Court Upholds Use of Notional Value and 10% Depreciation for Land Sale u/s 45(2) Income Tax Act.

October 13, 2012

Case Laws Income Tax HC

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