Mere change in ownership doesn’t convert a stock-in-trade into a capital asset

ITAT BANGALORE

C. Ramaiah Reddy v/s.  DCIT

IT Appeal No.122 (Bang.) of 2011

[Assessment year 2006-07]

MAY 25, 2012

ORDER

Jason P. Boaz, Accountant Member

This appeal by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-III, Bangalo

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