https://www.taxtmi.com/caselaws?id=193292 The Tribunal dismissed the appeal, affirming that the property was sold as an investor, making Section 50C applicable. It was held that the property was held as an investment based on the company's objects and past transactions, despite the appellant's arguments. The Tribunal found the Memorandum of Association did not empower the company to deal in properties extensively, leading to the conclusion that the property was not part of the appellant's stock in trade. The appeal was dismissed, upholding the authorities' decision on the nature of the property and the income assessment discrepancy. en-us Wed, 06 May 2015 00:00:00 +0530 Sat, 22 Jul 2017 10:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193292 The Tribunal dismissed the appeal, affirming that the property was sold as an investor, making Section 50C applicable. It was held that the property was held as an investment based on the company's objects and past transactions, despite the appellant's arguments. The Tribunal found the Memorandum of Association did not empower the company to deal in properties extensively, leading to the conclusion that the property was not part of the appellant's stock in trade. The appeal was dismissed, upholding the authorities' decision on the nature of the property and the income assessment discrepancy. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193292