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Capital gain or business income

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(Querist)
24 November 2018 If an assessee purchases an agriculture land, converts it into commercial land, constructs shops over the land and sells the shops. whether it is a business income or capital gain? please help with case law references
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 November 2018 It's a business income.
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