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W.T.AS. NOS. 202/KB TO 204/KB OF 2000-01, DECIDED ON 14TH MAY, 2002. versus W.T.AS. NOS. 202/KB TO 204/KB OF 2000-01, DECIDED ON 14TH MAY, 2002.

Section 2 (1) (5) (ii) Explanation, 16 (2) and 17 CBR Circular No. 568S (WT) / 80, 2020 of the Finance Act of 1980 (III of 1998), for business purposes In order to preserve the commitment of its father to the buyer, the sale or sale of land by legal heirs has been advertised for commercial plans for the sale and sale of shops and flats on a land on which fifteen acres The legacy is left to the legacy, which has a drive cinema and poultry farm from which business income is regularly assessed. Legal heirs are assessed for income tax. Likewise, under the section 17/16 (2) of the Wealth Tax Act, another realm of wealth taxing officers issued notices, in 1963 as the Association of Persons for 15 acres of land, the sale of land On the basis of which was residential and commercial and that on the first-sold land, construction and sale plans were initiated through purchase. , Intention o Section 2 (5) (ii) of the Tax Tax Act, 1963, was to sell the land to the settlers for commercial purposes. The taxpayer claimed that the property was not kept for the purpose of excluding the business of selling or selling it. The father had always declared his property for self-use. The sale was completed by his deceased father. If any action was guaranteed, the legal heirs issued notices in respect of the deceased. The time-restriction notices were issued on the notice that the legal heirs in charge of the wealth in the matter of the Association of Persons were unlawful because law firms from Kamalia lawyer