Income Tax Officer 19 (2) (3) Versus Mr. Karamveer Premnarayan - Income Tax - ITAT MUMBAI - Tri - Classification of head of Income adventure in the nature of trade or sale of capital asset - sale of property after getting the flats constructed - whether it is case of conversion of property (capital asset) into the stock in trade u/s 45(2) - Whether the income falls under the head Capital Gains or Business income - Held that - Arrangement between these co-owners and GPIL cannot be termed as com................................... Income Tax - Case Laws
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