https://www.taxtmi.com/highlights?id=35638 Section 2(14) stipulates that property can be ‘capital asset’ even if connected with business of the assessee. - land/properties were held by the assessee as ‘capital assets’ before its sale and consequential gains arising on sale thereto is chargeable under the head ‘capital gains’. en-us Fri, 28 Jul 2017 14:29:41 +0530 Fri, 28 Jul 2017 14:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=35638 Section 2(14) stipulates that property can be ‘capital asset’ even if connected with business of the assessee. - land/properties were held by the assessee as ‘capital assets’ before its sale and consequential gains arising on sale thereto is chargeable under the head ‘capital gains’. Highlights Income Tax Fri, 28 Jul 2017 14:29:41 +0530 https://www.taxtmi.com/highlights?id=35638