Criteria for property sold to be considered as a long term capital asset under the Income Tax Act
Last updated: 25 June 2021
Court :
ITAT Bangalore
Brief :
The assessee has filed this appeal challenging the order dated 18.8.2020 passed by Ld.CIT(A)-1, Bengaluru and it relates to the assessment year 2012-13. The solitary issue urged by the assessee is whether the property sold by the assessee is a long term capital asset or not.
Citation :
ITA No.677/Bang/2020
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Published in Income Tax
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