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ITA NO. 1950/LB OF 1992-93 versus ITA NO. 1950/LB OF 1992-93


Section 27 (2) (a) (ii) Capital gain discount adventure in the form of trade, Assisi, a restaurant-earning company, bought property for the establishment of Essex's Five Star Hotel Balance Sheets, which was paid 8 ? Fixed work in progress Head records of the assets shown indicate that detailed feasibility studies were prepared for the purpose of obtaining loan from the bank and the Assisi applied for loan from the bank for the establishment of a hotel. Applicant's refusal to apply for a loan was denied after detailed negotiations with the bank have clearly shown that a property review regarding the sale of this property was obtained from the purchase of a hotel reservation. Because the property was not profitable in the ordinary course of business, which is estimated under this exception. Section 27 (2) (a) (ii) justified such benefit

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