Gain on sale of land taxable as capital gains if assessee’s intention wasn’t to indulge in adventure in nature of trade

INCOME TAX : Where intention of assessee at time of purchase of property was to construct a house for self occupation and not to indulge in an adventure in nature of trade, gain on sale of land was to be regarded as income under head capital gainINCOME TAX : Where intention of assessee at time of purchase of property was to construct a house for self occupation and not to indulge in an adventure in nature of trade, gain on sale of land was to be regarded as income under head capital gainwww.taxmann.com Latest Case LawsRead More

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