https://www.taxtmi.com/highlights?id=31592 Nature of loss on sale of land - Intention of the asseesse at the time of purchase was clearly to earn profit and hence loss arising from the sale of the land was clearly business loss and not short term capital loss and hence the AO is accordingly directed to delete the addition - AT en-us Thu, 06 Oct 2016 12:28:58 +0530 Thu, 06 Oct 2016 12:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31592 Nature of loss on sale of land - Intention of the asseesse at the time of purchase was clearly to earn profit and hence loss arising from the sale of the land was clearly business loss and not short term capital loss and hence the AO is accordingly directed to delete the addition - AT Highlights Income Tax Thu, 06 Oct 2016 12:28:58 +0530 https://www.taxtmi.com/highlights?id=31592