https://www.taxtmi.com/caselaws?id=77038 The High Court dismissed the revenue's appeal, affirming that the property in question retained its status as a capital asset and was not converted into stock-in-trade. The Court upheld the Tribunal's decision, emphasizing the property's historical significance and intention behind the sale, supported by relevant case laws. en-us Wed, 28 Apr 2010 00:00:00 +0530 Wed, 11 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77038 The High Court dismissed the revenue's appeal, affirming that the property in question retained its status as a capital asset and was not converted into stock-in-trade. The Court upheld the Tribunal's decision, emphasizing the property's historical significance and intention behind the sale, supported by relevant case laws. Case-Laws Income Tax Wed, 28 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77038