https://www.taxtmi.com/highlights?id=6532 Short term capital gain arising out on transfer of land - nothing illegal about the conversion of land by the assessee into stock -in-trade - no infirmity in the order of CIT(A) in applying the provisions of section 45(2)& provisions of section 50C will not apply to computation of capital gain on conversion of land in assessment year 2000-01 - AT en-us Sun, 20 Jan 2013 19:20:07 +0530 Sun, 20 Jan 2013 19:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=6532 Short term capital gain arising out on transfer of land - nothing illegal about the conversion of land by the assessee into stock -in-trade - no infirmity in the order of CIT(A) in applying the provisions of section 45(2)& provisions of section 50C will not apply to computation of capital gain on conversion of land in assessment year 2000-01 - AT Highlights Income Tax Sun, 20 Jan 2013 19:20:07 +0530 https://www.taxtmi.com/highlights?id=6532