Capital Gains from Old Grevelia Tree Sales Remain Untaxed, Consistent with Prior Case Law Despite New Officer's Views.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Capital Gain on sale of trees - the legal position with regard to the taxability of the old Grevelia trees cannot be changed in the year under consideration, merely because the present AO has a different view. - AT....