Income from Selling Shops/Flats Classified as Long-Term Capital Gains, Not Business Income, u/s 50C.

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....Sale of shops/flats - Capital gain v/s business income - There was no intention of the assessee to enter into real estate business. The assessee has also shown sale consideration on the basis of valuation of stamp authority U/s 50C - Thus, the assessee rightly claimed long term capital gain on sale of shops/flats during the year under consideration. - AT....