https://www.taxtmi.com/highlights?id=53190 Addition u/s 45(2) - conversion of capital asset into stock in trade - The computation of capital account would be based on the consideration being fair market price as on the date of conversion being in the year 2001 though the same will be assessed to tax in the year under consideration when the assessee has finally sold the stock in trade. en-us Tue, 28 Apr 2020 14:08:54 +0530 Tue, 28 Apr 2020 14:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53190 Addition u/s 45(2) - conversion of capital asset into stock in trade - The computation of capital account would be based on the consideration being fair market price as on the date of conversion being in the year 2001 though the same will be assessed to tax in the year under consideration when the assessee has finally sold the stock in trade. Highlights Income Tax Tue, 28 Apr 2020 14:08:54 +0530 https://www.taxtmi.com/highlights?id=53190