October 2018

2 Section 45 : Capital gains vis a vis Business income sale of property held as investment Rental income disclosed as business income - gains arising on sale of property held in investment to be treated as capital gains.

K. B. Bhujle, Advocate

1.        Pr. CIT-31 vs. Shree Shreemal Builders [ Income tax Appeal no 205 of 2016, Dated: 31st July, 2018 (Bombay High Court)]. 

 

[DCIT vs. Shree Shreemal Builders; dated 14/11/2014, Mum.  ITAT ]


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