Case Law Details
Case Name : Commissioner Of Income Tax-II Vs M/S Kan Construction And Colonizers (P) Ltd. (Allahabad High Court)
Appeal Number : Income Tax Appeal Defective No. 1 of 2012
Date of Judgement/Order : 09/04/2012
Related Assessment Year :
Courts :
All High Courts Allahabad High Court
Sponsored
The Commissioner of Income-tax (Appeals) and the Tribunal on analysis of the facts of the case have reached to the conclusion that section 50C has no application as it was a case of transfer of plots which was stock in trade. An income earned from such transaction is liable to be taxed as income from business activity.
Allahabad High Court
INCOME TAX APPEAL DEFECTIVE No. – 1 of 2012
Commissioner Of Income Tax-II
V/s.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
