Wednesday, June 24, 2020

Profit earned by builder on sale of land held as investment rightly taxed as long-term capital gains; SLP dismissed

INCOME TAX : Where High Court upheld Tribunal's order holding that in case of assessee, a builder, profit earned on sale of land kept as investment was to be taxed as long-term capital gain, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/3hPjaWq
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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