Find a Lawyer

BANSIDHAR SEWBHAGOWAN & CO. versus COMMISSIONER OF INCOME-TAX

Capital gains Conditional sale conditional sale for sale and purchase through short and long-term capital gain Conditional sale of land through conditional sale 238 1963 Dated 20 As 1972 On the order of the court, the sale of certain parts of the land Wind. 25 3 1974 and 20 6 1974 Original transaction was equivalent to mortgage interest in the land was allowed only in the history of the decree The short-term capital gain on the sale of the land was the Indian Income Tax Act, 1961, section 45. famous supreme court advocate from FR Peshawar / Kohat lawyer