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Bombay High Court Holds Sale of Luxury Flats Taxable as Capital Gains; Long Holding, Leasing Intention and Consistent Accounting Defeated Revenue’s Business Income Claim
Luxury Flats Held as Investment and Sold Due to Lack of Tenants; Capital Gains Treatment Upheld by Bombay High Court Facts The respondent, Aurum Ventures Pvt. Ltd., purchased…
