Case Law Details
Case Name : Shailesh Gangaram Ramani Vs. ITO (ITAT Rajkot)
Related Assessment Year : 2009- 10
Courts :
All ITAT ITAT Rajkot
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Shailesh Gangaram Ramani Vs. ITO (ITAT Rajkot)
Basic point which weigh with the ld.CIT(A) for treating the assessee partly as trader is the fact that the increase in sale price is 800%. In other words, volume of profit resulted to the assessee persuaded the ld.CIT(A) to habour a belief that the land purchased in the year of 2007 and sold after 15-16 months is to be treated as a trade asset. No doubt the profit on transfer of alleged agriculture land was quite high. But this is one of the corro
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Author Bio
Dear Sir,
I would like to know about LTC/LTA travel.If I want to travel to Tirupati and I have plan to take stop at Pune to see /Visit Astavinayak temples around, then next journey to Secundarabad -toTirupati and back to secundarabad to Mumbai and Ahmedabad
What is the rule for such travel claim exemption in TAx ?? I would appreciate your reply through mail iD given.