Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Stock-In-Trade Sold During Relevant Year Should Only Be Considered For Purpose Of Computing Capital Gains: Hyderabad ITAT
Corporate ComplianceIncome Tax
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that stock-in-trade sold during the relevant year should be considered for the purpose of computing capital gains. The tribunal clarified that such sales must be included in the capital gains calculation for tax purposes.
