Property Area Classified as Capital Asset, Not Stock-in-Trade; Inflation Index Benefit Affects Capital Gains Tax Calculation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Treating the built up area of a property as stock-in-trade instead of part of the capital asset - The assessee was not carrying out any business,that the built up area was not stock in trade and that he was entitled to the benefit of inflation index - AT....