Taxability of profits arising on sale of three flats through ...

Case Laws Income Tax

July 6, 2021

Taxability of profits arising on sale of three flats through execution of sale deeds - proportionate cost of construction for three flats out of total eight flats comes is higher than the total amount received during the year resulting in shortfall - in absence of any surplus, the question of taxability doesn’t arise for consideration and addition of profits made by the AO deserve to be deleted - AT

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Taxability of profits arising on sale of three flats through ...

Case Laws Income Tax

July 6, 2021

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