TAX UPDATES: Even though assessee was engaged in purchase and sale of properties, still he could purchase and hold some plots as capital asset and claim benefit of deduction under section 54F in respect of sale of those plots

Sunday 17 February 2013

Even though assessee was engaged in purchase and sale of properties, still he could purchase and hold some plots as capital asset and claim benefit of deduction under section 54F in respect of sale of those plots

[2013] 30 taxmann.com 202 (Jodhpur - Trib.) Sunil Bhandari NOVEMBER 30, 2012

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