DUSHYANT BHARATBHAI MEHTA,RAJKOT vs. ITO WD-(2)(1)(2) , RAJKOT
In the result, appeal filed by the assessee, is allowed
ITA 422/RJT/2024[2015-2016]Status: DisposedITAT Rajkot30 Jun 2025AY 2015-2016
Section 142(1)Section 143(1)Section 143(3)Section 54Section 54BSection 54F
section 45(2) of the\nAct, provides that although such a conversion of capital assets into stock- in-\ntrade of a business, carried on by the assessee, will be a transfer in the previous\nyear, in which the assets is so converted, but actual capital gain will not arise in\nthe previous year in which assets is converted into stock
