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