The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that if no business activity or construction is carried out on a piece of land, it can still be treated as stock in trade merely because it is shown as stock in trade in the books of account. The assessee, a builder, paid […]
The post Land cannot be treated as Stock in Trade if No Construction was carried on It: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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