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I.T. AS. NOS. 1109/LB OF 2004, 2655/LB, 2656/LB AND 7106/LB OF 2005; DECIDED ON 7TH NOVEMBER, 2006. versus I.T. AS. NOS. 1109/LB OF 2004, 2655/LB, 2656/LB AND 7106/LB OF 2005; DECIDED ON 7TH NOVEMBER, 2006.

Section 27 Capital Gond Trade Income earned from running Essex Textile Mill was derived from factory land and the government obtained permission to repay bank loans from such sales. Was. Assisi paid the joint account and the creditors' committee and the proportion of the loan repayments. Assisi has claimed exemption as an officer assessing the realization of such land, while the assessment states that the sale of land cannot be obtained. `` Increase in capital gains Advancing sales was considered an adventure in the nature of trade, and it was taxed accordingly that at this time it was considered correct that at any time, the Assessment made a land speculator or land. Did not work as status. The developer's improvement in the capital asset was done to eliminate the fundamental element of financial responsibility that could determine the value of the e-transaction, whether it was a business nature plan or not when the party intended it. The original part of the land was acquired by Skasei when he was defined on the lease, with no intention. Sell it to make a profit or earn a profit, but it was estimated with the provincial government that it would use the land to run a textile mill, Assisi was never involved in such activities. As the land in question was never sold. And was used as a factory lead for over 45 years to make a profit, under certain conditions property advocate from Lodhran lawyer