Builder was entitled to sec. 54EC relief on sale of land being held as capital asset and not as stock-in-trade

February 19, 2015[2015] 54 taxmann.com 134 (Mumbai - Trib.)

IT : Where assessee builder sold property which was held for 30 years and same was shown as land asset not as land stock, asset was capital in nature and assessee was to be exempted under section 54 EC on investment of said capital gain