Income from Property Sale After Flat Construction Classified as Capital Gain, Not Business Profit, Says Ruling.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Classification of head of Income – adventure in the nature of trade or sale of capital asset - sale of property after getting the flats constructed - taxable as capital gain - no business profit - AT....