Dy. CIT-24(2), Mumbai Versus Kishor V. Soni - Income Tax - ITAT MUMBAI - Tri - Short term capital gain on sale of plot of land - Held that - The assessee has only sought to exploit the market potential of his land, buying it from one developer and contracting it to another for construction - The only difference is that the consideration for the same, rather than being in cash, is in kind, i.e., a defined share in the area to be constructed - The transaction to be more in the nature of a joint ef................................... Income Tax - Case Laws
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