The assessing officer made two major additions in this case. The first, Rs 1,93,78,293, was treated as long-term capital gains on the ground that the man had converted a capital asset into stock-in-trade. The second, of Rs 2,20,98,985, was treated as business income arising from the alleged sale of that stock-in-trade.
Read more at Times of India
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.
