https://www.taxtmi.com/highlights?id=75194 Computation of capital gain - conversion of Gold in stock in trade and income from other sources - assessee converted the gold into stock in trade on various dates and long term capital gain was paid on it - The ITAT held that, once the assessee has converted the capital asset into stock in trade, the revenue sum moto cannot changed the value adopted by the assessee on the ground that income under one head shown higher and on the other head less. en-us Mon, 26 Feb 2024 07:42:55 +0530 Mon, 26 Feb 2024 07:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75194 Computation of capital gain - conversion of Gold in stock in trade and income from other sources - assessee converted the gold into stock in trade on various dates and long term capital gain was paid on it - The ITAT held that, once the assessee has converted the capital asset into stock in trade, the revenue sum moto cannot changed the value adopted by the assessee on the ground that income under one head shown higher and on the other head less. Highlights Income Tax Mon, 26 Feb 2024 07:42:55 +0530 https://www.taxtmi.com/highlights?id=75194