https://www.taxtmi.com/caselaws?id=793788 Units recorded as investments in audited accounts and acquired under a registered purchase agreement retain their investment character unless facts establish trading stock; property-development activity alone does not convert each acquisition into stock-in-trade. Gains or losses on their sale are therefore taxable as capital gains or capital loss. Sale consideration for immovable property cannot be replaced by an average derived from unrelated sales at different locations. Valuation must follow the statutory framework based on actual consideration and, where applicable, stamp duty valuation; the averaged valuation was unsustainable and required fresh examination under those provisions. en-us Thu, 14 May 2026 00:00:00 +0530 Wed, 24 Jun 2026 07:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793788 Units recorded as investments in audited accounts and acquired under a registered purchase agreement retain their investment character unless facts establish trading stock; property-development activity alone does not convert each acquisition into stock-in-trade. Gains or losses on their sale are therefore taxable as capital gains or capital loss. Sale consideration for immovable property cannot be replaced by an average derived from unrelated sales at different locations. Valuation must follow the statutory framework based on actual consideration and, where applicable, stamp duty valuation; the averaged valuation was unsustainable and required fresh examination under those provisions. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793788