The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the selling of plots which is part of a business project can be termed as “adventure in the nature of trade” and the income from the same shall be taxable as business income and not as capital gain under the provisions of […]
The post Income from Sale of Plots under a Business Project is Business Income: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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