Case Law Details
Case Name : ACIT Vs M/s. Indus Valley Housing, (ITAT Chennai)
Appeal Number : I.T.A. No. 621/CHNY/2018
Date of Judgement/Order : 24/07/2018
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Chennai
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ACIT Vs Ms. Indus Valley Housing, (ITAT Chennai)
The question arises for consideration is whether the investment made by the assessee in the land at Nolambur is a stock-intrade or capital asset? If the land is stock-in-trade, then naturally the profit on sale has to be consider
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