246 results for “capital gains”+ Section 32clear
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In the result, the appeal filed by the Revenue is dismissed
Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble
gain arising from application of capital asset into stock-in-trade. Whereas, in cases, where the stock-in-trade converted into or treated as capital asset, the existing law does not provide for its taxability. In order to provide simple treatment and describe the practice of difference payment of tax by converting into the inventory into fixed assets, provisions