Sponsored
    Follow Us:

Case Law Details

Case Name : Commissioner Of Income Tax-II Vs M/S Kan Construction And Colonizers (P) Ltd. (Allahabad High Court)
Related Assessment Year :
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-IIPlease become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31