Case Law Details
Case Name : Vankadari Chinna Reddappa Chetty Vs ACIT (ITAT Bangalore)
Appeal Number : ITA No. 4/Bang/2023
Date of Judgement/Order : 16/02/2023
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Bangalore
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Vankadari Chinna Reddappa Chetty Vs ACIT (ITAT Bangalore)
ITAT Bangalore held that income from sale of developed flat, obtained under Joint Development Agreement (JDA), is to be treated as income from short term capital gain/ long term capital gain and not as income from business.
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