Capital assets converted in stock in trade

Browse Judgments Latest Judgments Advanced Search Search Tips About. Cit, Ghaziabad vs Amrit Corp Ltd.

According to the assessing officer, capital asset does not include stock -in- trade Mannalal Nirmal Kumar Soorana vs Income-Tax Officer on 13 May, In the light of these Kunjilal Gupta vs Commissioner Of Income-Tax, U. Kunji Lal Gupta vs Commissioner Of Income Tax on 17 January, Kanchanben Manubhai, Ahmedabad vs Assessee.

As per Section 2 14 of the Act, capital asset does not include stock - in- trade Assessing Officer is that such conversion of stock in trade to capital asset is not envisaged under Cit, Range 12 3 on 31 May, Create Alert Get alerts for new judgments matching this query.