Section 44AD read with section 45(2)

suppose we have an immovable capital asset being an urban agricultural land. we considered it as a stock and applied section 45(2). so when we applied the above provision, such capital asset becomes stock in trade.

so my question in this regard is

whether can we apply section 44AD on sale of such stock in trade since I am an individual and this is eligible business....

share your views...TQ