https://www.taxtmi.com/highlights?id=53388 Income earned by sale of land - The assessee is into the business of acquiring and sale of plot and colonizers. On going through the Memorandum and Articles of Association, conduct and business affairs of the assessee, and on perusal of the books of accounts of the assessee, it cannot to be said to be an income arising out of capital gains and has been rightly treated as business income by the ld. CIT (A). en-us Thu, 14 May 2020 12:45:26 +0530 Thu, 14 May 2020 12:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53388 Income earned by sale of land - The assessee is into the business of acquiring and sale of plot and colonizers. On going through the Memorandum and Articles of Association, conduct and business affairs of the assessee, and on perusal of the books of accounts of the assessee, it cannot to be said to be an income arising out of capital gains and has been rightly treated as business income by the ld. CIT (A). Highlights Income Tax Thu, 14 May 2020 12:45:26 +0530 https://www.taxtmi.com/highlights?id=53388