Chennai Factory Land Sale: Classification as Capital Gain or Business Profit Hinges on Concrete Evidence, Not Distant Circumstances.

Chennai Factory Land Sale: Classification as Capital Gain or Business Profit Hinges on Concrete Evidence, Not Distant Circumstances. https://www.taxtmi.com/highlights?id=27984 Sale of factory land at Guindy, Chennai - Capital Gain OR business profit - without bringing any material on record merely based on some remote circumstances, an inference cannot be drawn that the Assessees indulged in an adventure in the nature of business or trade. - AT en-us Tue, 15 Mar 2016 21:45:19 +0530 Tue, 15 Mar 2016 21:45:19 +0530 TaxTMI RSS Generator Chennai Factory Land Sale: Classification as Capital Gain or Business Profit Hinges on Concrete Evidence, Not Distant Circumstances. https://www.taxtmi.com/highlights?id=27984 Sale of factory land at Guindy, Chennai - Capital Gain OR business profit - without bringing any material on record merely based on some remote circumstances, an inference cannot be drawn that the Assessees indulged in an adventure in the nature of business or trade. - AT Highlights Income Tax Tue, 15 Mar 2016 21:45:19 +0530 https://www.taxtmi.com/highlights?id=27984