Monday, April 20, 2020

Income from sale of agricultural land was business income if assessee was dealing in sale/purchase of properties

INCOME TAX : Where assessee-firm, constituted for carrying on business of buying, developing and selling properties, purchased agricultural land and sold same after certain time, income derived on purchase and sale of agricultural land formed income from business

from www.taxmann.com Latest Case Laws https://ift.tt/2wVHYcQ
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...