https://www.taxtmi.com/news?id=585 Proceeds from piecemeal sale of plots carved out of a parcel acquired earlier and sold after removal of ceiling-law restrictions remain disposal of a capital asset where there is no evidence the land was purchased with intent to trade or that the seller was a regular real estate dealer; subdivision and marketing to obtain better price do not by themselves convert the transactions into an "adventure in the nature of trade". en-us Mon, 22 Sep 2008 09:29:19 +0530 Mon, 22 Sep 2008 09:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=585 Proceeds from piecemeal sale of plots carved out of a parcel acquired earlier and sold after removal of ceiling-law restrictions remain disposal of a capital asset where there is no evidence the land was purchased with intent to trade or that the seller was a regular real estate dealer; subdivision and marketing to obtain better price do not by themselves convert the transactions into an "adventure in the nature of trade". News - Mon, 22 Sep 2008 09:29:19 +0530 https://www.taxtmi.com/news?id=585