Tax on Conversion of Capital Asset into Stock

IN THE ITAT MUMBAI BENCH ‘D’ Ramesh Abaji Walavalkar v/s. Additional Commissioner of Income-tax IT Appeal Nos. 852 (Mum.) of 2009 And 1534 (Mum.) of 2010 [Assessment Years 2003-04 & 2005-06] JUNE 22, 2012 ORDER P.M. Jagtap, Accountant Member These two appeals filed by the assessee against two separate orders passed by the ld. CIT(A)-I, Thane, dated 27-11-2008 and 30-10-2009 for assessment years 2005-06 and 2003-04 respectively involve common issues relating to determination of capital gains arising to the assessee from transfer of plot of land at Sanpada, Vashi...