Case Law Details
Case Name : Ishoo Narang Vs DCIT (ITAT Hyderabad)
Appeal Number : ITA No. 319/Hyd/2022
Date of Judgement/Order : 25/09/2024
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Hyderabad
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Ishoo Narang Vs DCIT (ITAT Hyderabad)
Conclusion: Capital gain arising on account of conversion of capital asset into stock-in-trade should be proportionately computed by considering the stock-in-trade sold by the assessee and not the entire extent of land converted by the assessee, therefore, proportionate capital gain
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.