SLP dismissed against HC's ruling that right surrendered in plot alloted by MIDC constituted capital asset

INCOME TAX: Where assessee surrendered its right, title and interest in plot allotted by MIDC in favour of third party, in view of fact that assessee did not carry on any business activity during relevant year and thus plot transferred became a capital asset which did not bring into existence any business income as held by High Court, SLP filed against said order was to be dismissed

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