Sale of property held with commercial intent taxable as business income, Section 50C inapplicable

A. Jesu Rajendran Vs ITO (ITAT Chennai)

Chennai ITAT allows Assessee’s appeal and deletes the addition of Rs. 2.39 Cr on account of short term capital gains from transfer of property, by holding the property sold by the Assessee to be a stock in trade and not a capital asset; Opines that the profit from sa

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