https://www.taxtmi.com/caselaws?id=267577 The High Court upheld the Tribunal's decisions on all three issues, emphasizing the application of section 45(2) of the Income-tax Act for income arising from land conversion into stock-in-trade. The Tribunal's findings regarding the year of conversion and the onus of proof on the Assessing Officer were supported, leading to the dismissal of the appeal due to the lack of substantial questions of law. en-us Mon, 02 Mar 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267577 The High Court upheld the Tribunal's decisions on all three issues, emphasizing the application of section 45(2) of the Income-tax Act for income arising from land conversion into stock-in-trade. The Tribunal's findings regarding the year of conversion and the onus of proof on the Assessing Officer were supported, leading to the dismissal of the appeal due to the lack of substantial questions of law. Case-Laws Income Tax Mon, 02 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267577