High price of land sold no reason tax it as business income when its class remained Krishi bhumi In a…
Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not…
No bar in law for a person dealing in land to also have investment in land. Assessee can hold same…
Purchasing many small properties itself not good enough reason to hold that it was a business transaction. The quantum or…
Sale of property was not business income when not held as stock in trade neither was related to the business…
Sale of shares can not be treated as business income merely on the basis of notes to Audited Accounts. Five…
Short Term Capital Gain when purchases of any share not repeated. Income held by ITAT as capital gain not business…
Sale of listed shares held more than 12 months treated capital gain not business income by Allahabad High Court in…
STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial…