Gain on sale of land - Short Term Capital Gain OR business ...

Land Sale Gains Classified as Business Income, Not Capital Gains, After Conversion for Industrial Use.

January 9, 2023

Case Laws Income Tax AT

Gain on sale of land - Short Term Capital Gain OR business income - the assessee converted the agricultural land into non-agricultural purpose - The above transaction is to be treated as an adventure in the nature of trade, as the assessee converted the above land as non-agricultural and for the purpose of industrial use and sold - AT

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Gain on sale of land - Short Term Capital Gain OR business ...

Land Sale Gains Classified as Business Income, Not Capital Gains, After Conversion for Industrial Use.

January 9, 2023

Case Laws Income Tax AT

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