Shree Maruti Chemical Industries Pvt. Ltd. Vs ITO (ITAT Kolkata)
Case ke facts
Company ne apni land ko pehle capital asset ke roop mein dikhaya. Baad mein usko stock-in-trade ke roop mein badal diya. Department ne 4.27 crore ka capital gain add kar diya.
Mudda (Issue)
Kya jab land ko stock-in-trade mein convert kiya jaye to turant capital gains lagta hai?
Faisla (Held)
ITAT ne decide kiya converting ke din pe gain nahi lagta. Section 45(2) ke hisaab se jab sale hoti hai tabhi tax lagega.
Practical takeaway
Agar aap apna capital asset stock-in-trade bana rahe hain, to capital gains tabhi lagega jab actual sale hogi, not on conversion day. Iska proof bhi rakhna hoga.
Original report: TaxGuru
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-10-31.